| Re: Please Help
I have not had any experience with them, nor has anyone on the forum. That sounds like a hard money loan and a very high rate. Many hard money lenders violate federal laws such as the Truth in Lending Act (TILA) or RESPA when they originate these loans. It may pay to have a good lawyer take a look at your mortgage documents. If your mortgage is predatory, then now you may put them on the defense.
Don't just use any loan mod company. Use a law firm who is experienced in both real estate and mortgage law.
What state are you in?
__________________ Moe Bedard
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