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Friday, April 17, 2009 Beware of loan mod fees
Q: The interest rate on my loan just adjusted to 9.25 percent last month. We are upside down on our house by 5 percent, so we aren't sure we can refinance. I'm trying to do a loan modification, but am being told that I have to be late on my mortgage or the lender won't work with me.
I am now current and don't want to miss a payment just so someone will help me. The loan modification company I'm working with wants to charge me a fee of $1,700. Will this save my house? Should I spend this money? ... CONTINUED
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Letter to the Editor
Union organizes protest at builder's meeting
Real estate brief More Headlines »
NOTABLE QUOTE "My move to his company consisted of changing numerous online profiles and changing the logos on four Web sites, which I did Friday evening -- much less work and expense than moving to a big real estate company or than starting my own company." --Teresa Boardman
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