Information on Loan Modifications and Short Sales

Hi, this is Kerri from the Bay Area Short Sale Angels. We are northern California’s number one short sale team. I have a piece of advice for you that might sound crazy. Do not pay anyone to help you with your loan modification or your Bay Area short sale, even if it’s an attorney. You can maybe negotiate so they can have some money when it closes, but do not pay them anything upfront.

Our team has had a couple people recently, one actually paid a lawyer $20,000 to do her loan modification and it went nowhere, absolutely nowhere. He made all these promises and then just took off with the money. What can she do sue a lawyer? That’s not going to happen. People are getting ripped off by scams, and people making promises. There may be people that seem like they’re there, they seem like they know what they are talking about, but here’s the one thing that you should be aware of, do not ever take any money out of your pocket and lay it on the table before anything is complete.

We, the Bay Area Short Sale Angels do short sales free of charge. We don’t charge any back end fees or any money if it doesn’t work out. We only get paid upon the close of escrow and that doesn’t come out of your pocket. Anyone else should follow that same rule. They shouldn’t get paid until they have fulfilled the promises that they made to you. This is Kerri from the Bay Area Short Sale Angels, where we believe that there’s nothing worse than doing nothing. Don’t let anyone rip you off!