Legal Question in Real Estate Law in Arizona
If a person completes a modified loan and is told that the interest rate and payment will be reduced, and funds are paid for this service, is the group working on this responsible for the outcome if the interest rate is higher and payment is higher from acceptance of original proposal to reduce both?
1 Answer from Attorneys
It is difficult to answer your question without knowing more of the facts and circumstances of your agreement with the person who provided the loan modification services. In general, there are a lot of scams and frauds being perpetrated on the public with loan modifications, so you should talk to your lender, the Better Business Bureau and the state agencies who regulate this industry to find out if you have been mistreated. It sounds like you did not get what you paid for and what you were promised, in a loan modification.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
