Are Loan Modification Companies Rip-Offs?

This same question could be asked about any company. Loan modification companies get a bad reputation that is normally undeserved. People that go to loan modification companies are typically not in a strong financial situation. This may be an incredibly emotional and stressful time in a person's life. They may have lost a job, had an illness, and now are facing loosing their home. Unfortunately, some companies prey on people that are in dire situations. These predatory companies are often the ones that people hear about, not the ones that do the best they can for their clients. Loan modifications companies are no different; a few bad can tarnish the reputation of many.