Joe Workman

Its a big shame that a few select individuals have to spoil an industry. The law that took affect on July 1st took my company out of the loan modification business. We felt that it was too expensive and the new regulations did not make it attractive any longer. We never got into the large up front fee game however. We charged a $500 processing fee up front with the remaining balance due upon completion of the loan modification. This way we got paid based on our performance and only helped people we felt could successfully obtain a loan modification. We did not prey on the consumers that had no chance of getting approved. I see that as just stealing money. We are currently working on a loan modification Do-It-Yourself online training that we plan on offering as a free service to the public. I am very excited about this and hope that we can help thousands of more people get out from under their financial woes. On a side note, if you were to read the new "Foreclosure Consultant" law in CA, its very interesting to see who is excluded from the new regulations. Anyone who has a license to practice law can legally do loan modifications outside of the new regulations. This is why you see so many lawyers advertising on TV for loan modifications. I find it very convenient that lawyers excluded themselves! Coincidence? I think not.... Cheers, Joe