- What is the upfront cost for a modification?
There is no up-front cost for us to assess your situation and determine whether you’re a good candidate for a modification. This isn’t to say we work for free, we don’t, but we have never charged an Advanced Fee, we only charge for services that are performed.
- What is your success rate?
I’d love to say it’s 100%, because that would mean I don’t spend time working on files without earning my fee! We are very proud of our success rate, which is over 85%, but it’s due in large part to the amount of diligence we put in on the front end. We have very in depth, very candid conversations with our clients as part of a diagnostic process. I wish I could help everyone I talk with, but the truth is that even when someone is in need, they might not necessarily be a good candidate for a modification. With the amount of time and energy involved in each file, it simply wouldn’t be fair to our other clients to just “throw against the wall to see what sticks”. I know there are a bunch of companies out there that charge all their fees up front and on that model, they might not care about taking on clients who won’t get a modification. But because we don’t get paid until we perform, we simply don’t have the time to play that game.
To read our former blogs about “Loan Modification” please visit Home First, Inc - What is Loan Modification and Why is it Important? and Home First, Inc - Loan Modifications Questions - Tutorial 1 and Home First, Inc - Loan Modification Questions - Tutorial 2.