Before you choose a note Modification Company ask:

  • May I have proof of your legal right to ask for and receive money up front from consumers, with the DRE or State Bar Association?

  • Do you keep any money if you are not successful in obtaining an offer from my lender?

  • What are the tax consequences if I do receive a modification offer(obtain Answer in writing)?

  • What is the difference in a recourse loan and a non-recourse loan?

  • May I have your license number and call to confirm your status?

  • May I have the names and numbers of three individuals that you have helped in the last two months?

  • May I have a list of the individuals who are receiving any money from this transaction, in writing? Include referral fees and commissions for duties performed.

  • What is the time frame I should expect before I hear from my lender?

  • What happens next if my lender rejects my request for a modification?

  • Could you put in writing, why it is not advisable for me to attempt to negotiate with my lender on my own?


    • Sadly, the new breed of predator seems to be the individuals who are promising easy note modifications. They are charging extremely high fees and or monthly “subscription” fees and delivering very little to the consumer. The above questions have been researched and will allow you to at least slow down those that promise more than they can possibly deliver. The professional note modification companies charge little upfront until they actually confirm that you qualify for a modification. They will have no problem proving their ability to accept upfront fees and that they are in fact licensed by the state in which they perform their duties.

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