Breaking News For DIY Loan Mod Kits
Effective 01/31/2011 The FTC has banned for profit loan modifications companies from charging upfront fees for loan modifications period! This will be a nationwide law. No more wasting thousands of dollars on unnecessary help. A homeowner can still have access to help via DIY kits.
A great DIY kit available today can be found at diy loan. The new law does not affect non-profit agencies registered with each state and also does not affect licensed attorneys. However, attorneys and non-profits must now place any upfront fees in an escrow account, to be held until completion of the requested loan modification. Under the new FTC changes, for profit companies may still offer help, however they may not charge a fee until completion of the loan modification.
The FTC has issued this new law to drastically cut down on scams by for profit companies promising help but not delivering. For many this law can’t take effect fast enough. For the past year and half for profit companies have charged in certain cases in excess of $5,000 for help.
The banks and the government have informed consumers that they don’t need to pay for help. However, the banks and the government fail to realize that every homeowner in America today got their mortgage with help and representation. Homeowners looking for assistance should consider purchasing a DIY Self Help Kit.
The National Loan Modification offers such a kit for only $29.99, for more information on their kit visit diy loan The National Loan Modification Conferences kit is different from most other kits available in the fact that it actually teaches the homeowner how to get a loan modification. Their kit also provides two very unique resources not available with any other kit. It gives the homeowner the exact same software the banks are given by the government to use to run the required tests to approve a loan modification. Also, their kit gives the homeowner all of the exact guidelines the banks are given to go by.
The guidelines are explained in extreme detail via video along with the how to use the government software program. The National Loan Modification Conference created this kit to fill a growing demand for a DIY Loan Modification Kit that actually works. They based their kit off of two keys. The first key is the training they provide to nonprofit companies.
The CEO of the National Loan Modification Company was a featured guest speaker at this past year’s Virginia Association of Housing Counselors Annual Conference. The second key the National Loan Modification Conference created their kit off of was their experience over the last five years of helping thousands of clients successfully achieve loan modifications.
There is no doubt that their DIY Loan Modification Kit is considered to the most comprehensive DIY Loan Modification kit available on the market today. Homeowners should consider this kit above all others, considering the new FTC’s drastic new changes that will cut a lot of scammers and legitimate companies offering help out of the market.
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on November 23, 2010. Filed under 
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