Loan modification and Foreclosure site

Loan modifications in Oregon are done a little bit differently than they are everywhere else. Oregon recently passed the Oregon Mortgage Rescue Protection Act. This puts more regulations and restraint on loan modifications in Oregon.

This new law may sound like a bad thing, but it is not in my opinion. More regulation in the loan modification industry will:

• Stop the scammers! Many loan modification companies are looking out for their best interest only, which is their wallet! More regulation, including only allowing mortgage brokers and attorney’s to legally complete a modification will cut down on the people that are trying to take advantage of you at one of the most vulnerable times of your lives.
• Weed out the pretenders Similar to what I suggested above, only allowing qualified people to be able to assist you and complete a loan modification with you will weed out the people who may not be trying to take advantage of you, but still have no business trying to help anyone with a loan modification.