Watch out for scams; huge fees for Loan Modifications

by Dan Havey on August 23, 2011

Join Real Estate Marketing This Week as we discuss the world of Real Estate and Mortgage Marketing. We shot this video of our Radio Show as an example of how you can use one piece of content in many different ways.

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Part 7
Michael: Welcome back this is Michael J Barnes, the president of velocity financial and the founder of modificationhotline.com Important to point out folks that Velocity Financial is a full service mortgage broker we do everything not just loan modifications the majority of our business is writing and originating and underwriting mortgage loans for homeowners people to buy real-estate people to refinance their homes, people can still refinance out there loan modifications are not for everybody in fact they are for a small segment of the market so if you are need of any kind of mortgage financing you definitely should give velocity financial a call at 480-835-6248.

I am the founder of the Modification Hotline which is modificationhotline.com and we put that in place to help people right now people don’t need a salesman when it come to these loan modifications, I heard a story today from a how owner that I just couldn’t believe this person that is trying to get loan modification told them that she had to pay them $1500 a month for 4 months and by the time she e as finished paying them they guaranteed her some kind of ridiculous, I just don’t understand why it is like that.

Right now we need to help you get thought the situation, we are here for you, we are going to do everything in our power with our national network of attorneys who are expert negotiators so it is important that you call us if you need help that is Velocity Financial at 480-835-6248 or 1-888-MOD-INFO and Brett Fallon coming back from the break you heard the announcer say that he has spoken internationally on mortgage finance I actually had the privilege of being with Brett Fallon traveling across the globe speaking on finance that is one of the reasons why we have Brett Fallon come back so often because he is one of the smartest people that I have met in the finance area, he is my personal financial advisor and once again Mr. Fallon thank you so much for being here with us.*

Brett: I appreciate those kind words and I just want to make the distinction so it is clear for everybody, Velocity Finical being a full service mortgage firm and all things mortgage related and the concept of today’s show being loan modification program is a division of something that you kind of created and had some foresight about all of these issues that are effecting not only mortgage holders but the economy at large thus this topic and wanting to help these people.*

Michael: That’s correct and a year and a half ago I was approached by someone that I respected very much in the industry asked me t get involved with the loss mitigation process and I essentially declined the offer, once I reanalyzed that a number of people calling us needed loan modifications and either refinances or to purchase homes we did do dome research and found the debt advisory alliance with a gentlemen that I have know for years Ron Quinterro and he had already put together the national network of attorneys so we are working with these people who have done thousands of these loan modifications, we are the affiliate we are doing the discovery and due diligence they are taking care of the expert negotiations, that’s not my job, that is not what we are good at what we are good at is putting together a case that will get modified for the best for you, and your kids and your dog, a and your cat and everything else to keep all of you in place.
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