September 22, 2016


By Timothy Stull (

As the “loan modification” has become a household word over the last 8 years, the complaints from home owners surrounding the process have surged.  Lost paperwork, lack of process transparency and lack of cooperation are definitely at the top of the complaint list.  Keep in mind that both banks and non-bank servicers do NOT want to complete loan modification deals.  They are driven to foreclose based on the recent rising tide of home equity.  They are deemed bill collectors by corporate standard and will do anything to enhance bottom line revenue.  This is why when you call into your mortgage servicer, you hear the message “We act as a debt collector and any information will be used for that purpose”… do not hear the message “We are here to help you with your loan modification process and will guide you every step of the way”.  The debt collection business is all about big money…nothing else.  Make no mistake about it, the entire business model is set up around the “money” principal.  The front line bill collectors are always paid bonus / commissions based on their production or the amount of money they collect.  They are not paid bonus or commission based on the number of loan modifications they approve or complete.  The bill collector’s #1 weapon is communication with you directly… pressing uncomfortable issues, driving emotion and getting under your skin.  If a bill collector can hit a nerve and drive emotion, they have a greater chance of collecting money from you.  Pressing the threat of foreclosure is typically the power button they use.  If you remove all the idle threats, emotion and chaos that tie into conversation with debt collectors, then you have a great chance of beating them.  By blocking the acceleration of the foreclosure process, you will increase leverage greatly as well.  The only way to accomplish this is by hiring a third part to represent you, instead of flying solo.  Keep in mind that once a debt collector realizes that you are represented by a corporation with clout, they will back off and flag your file.  Your case will be handled on a different level that will lead to resolution.  Our firm has represented over 10,000 clients with severe debt problems over the last 15 years.  We offer top notch free advice and very aggressive representation for those that carry on for the long run.  You have nothing to lose by contacting our office at 877.297.7011, since you do deserve an expert in your corner

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  1. jerry zlotoff Says:


    This week the judge signed the order of discontinuence for one of the index #’s…
    So one more to go, with another Judge with a different index # going in court 4/11/17 for another approval…


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