More news today about loan modification companies and the troubles people are having in paying them for help.
â€œThey convinced me they could help save my home and intervene on my behalf as a third party with my mortgage company,â€ said Mr. Briscoe, who bought his Tucson home in 2005. The company charged him $2,000 and told him he should stop paying the mortgage for three months. â€œThis is back in January of this year when I contacted the company,â€ he said. â€œAnd here it is in June, and my home is in foreclosure.â€