Beware of Realtors offering FREE LOAN MODIFICATIONS

    Free – well, that’s great. But what is truly free?  I can only think of a few things which are still free.Loan Mod Fail - be careful

    Free Loan Modifications – maybe, but I’d be weary if I were you.

    FREE Loan Mod Scenario 1:

    Here is the plan, I’d imagine. Once you sit down to do your free loan modification, you are then pressured into doing a short sale. A short sale is where the real estate agent gets paid. Now, it’s not by you, your bank pays them to represent you in the short sale process, so I guess it’s free???

    FREE Loan Mod Scenario 2:

    I hate being upsold. However, using the FREE Loan modification scenario to introduce you to a credit repair person or other type of real estate vendor. Hey folks – in most businesses, referrals are worth money. While you are not “paying” for that in a monetary since, you could be in a “getting run over by a train” since. So I guess this one is also FREE….

    FREE Loan Mod Scenario 3:

    Another possible outcome is really helping you do a loan modification. However, is it best for you to do it yourself with your bank or is it better having a realtor do it? Is the realtor an attorney? Maybe that works best? Either way – if this is really true and if they have a GREAT success rate and tons of recommendations – He – that type of FREE Loan Modifications would be fantastic…

    Read everything and make sure you always respond to all verbal communication in a followup email to make sure you understood what you were being sold Told 🙂 

    Your Insurance policy via email!

    Example:  Hey Todd, thanks for calling me today and I wanted to make sure I understood you correctly.

    “The short sale will not hurt my credit. Pigs can fly and If I remember correctly, you were a read admiral on a Greek freighter???”

    You get the gist – be safe – we will speak with you soon and make sure you tune into our Housing Radio Broadcast to get the intel daily!!!


    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. is where you will find over 10,000 real estate articles. Go to to listen to their latest real estate radio broadcast.
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