Liberty Credit Law ripoff River Edge, Connecticut

you are asking for a loan mod.  Usually the only way you can refi under more favorable terms is if you have at least 20 pct equity.  In this case I dont think you do, otherwise you would not have paid 2500.00 to try to get this company to assist you in the loan mod.

Now lets think about this for a minute.  You are trying to argue with your mortgage company that because interest rates dropped sooo much, and the value of your home dropped even further, you feel that the mortgage company should absorb the loss by re financing your home to a lower value (writing off the amount that you are  underwater in the home), and accepting a lower interest rate to boot.  Does this sound right so far?

Now, using this though, what if the value of your home increased lets say 30 pct in a 2 year period, and the current home interest rates soared by 3 or 4 pct.  Using the logic going through your mind, it would be totally acceptable for your Mortgage Company to Hire a Law firm to go to you, and say, "We want to increase the value of your loan equal to the amount of the 30 pct increase, AND increase your interest rate 4 to 5 pct.

Now does that sound fair to you?  Or is this loan Mod a One Way street for you, only when it is in your favor. 

Just pay your mortgage down until you get 20 pct equity,  then sell the house, and rent an apartment.  After all you had 2500.00 to pay to this idiot company, why did you not just use that money to pay your mortgage.

Or did you have to borrow that 2500.00 as well, and now some other sucker is waiting for you to pay them back now too.  OH if that is the case, why dont you just hire this same company, and modify the loan to those people too!!!!!

JESUS H CHRIST!!!!!