California homeowners can save their homes in todays market! And they don't need to pay a loan modification company or do a short sale! One of the worst things that you can do right now is use the so called "services of Loan Mod Company! 

They claim that they can help you lower your mortgage by negotiating with your lender on your behalf, which will result in you saving your home from foreclosure! These scammers usually target people who are in foreclosure and they locate them via foreclosure notices or by direct marketing.

When they contact the California property owner they will be very aggressive with their tactics, and they will use their charisma, and entrapment skills to lure the home owner into a face to face meeting. At these meetings, the scammer will appear to be a professional mortgage professional, and will make bogus guarantees promising to handle all talks with the bank, and get the bank to reduce the interest, and hopefully the principal.

Now, there would not be anything wrong with this, except one big problem, and that is the way that these companies go about making a profit. When you sit down with one of these sales people, they will charge you an upfront or "processing fee" which is non refundable, and will be used as a means of handling 'overhead" for the company. And what happens 99% of the time, is absolutely horrific! These sham artist will collect anywhere from $500-3500 upfront, and the rest when the loan mod is approved, but here is the problem, most of these loan modifications are not approved and the home owner ends up losing their home!!

Why? Because the bank does not want to talk to someone else about your mortgage, THEY WANT TO TALK TO YOU! THE PERSON WHO TOOK OUT THE LOAN!

In fact, the bank will often come after the home owner even faster and pursue a foreclosure if they think that your are trying to work with one of these companies! Why? Because they are scams! And the bank will think that you are in on the scam! All of this because of overhead?

But who cares about their over head? You should not have to pay anything initially, and as a matter of a fact, you should not have to pay anything at all. This is why the California Attorney General is coming after these firms who charge illegal fees, and who milk troubled home owners out of the little money that they have!

Just a word of advice... DON'T TRUST CALIFORNIA LOAN MODIFICATION COMPANIES, THEY ARE ILLEGAL AND YOU MAY END UP LOSING YOUR HOME AND YOUR MONEY. Learn how to do your own loan modification FOR FREE! VISIT http://www.californialoanmodification4free.com for more info!