Tuesday, December 16, 2008

Check Your Mortgage Renogiator's Credentials

If you need to renegotiate the mortgage and terms on the note for your
Spokane home, be sure to use caution when selecting a service provider. Be sure not to end up in more financial trouble working out the terms of your mortgage.

Mortgage renegotiator adds workers

Officials urge caution using such services

A new Coeur d'Alene company has found a promising niche in mortgage loan modification just as Idaho and Washington officials are advising consumers to be cautious using such services.

Apply 2 Save Inc. recently hired 21 employees, boosting its payroll by one-quarter, because so many homeowners are calling for help with overwhelming monthly payments, said Ryan Robinson, who leads the company's recruitment efforts.

"We were looking for anyone who spoke mortgage," Robinson said.

Washington and Idaho officials who regulate companies that help renegotiate loans say they have no consumer complaints against either company.

The Better Business Bureau has received several inquiries about Apply 2 Save, which is a BBB member, and so far the company has responded to every one, said regional President Jan Quintrall. "Right now, we're getting the problems solved," she said.

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