No advance fees for Loan Modification assistance

On October 11th Governor Schwarzenegger signed a bill that prohibits anyone from demanding or collecting an advance fee from a consumer for loan modification or mortgage loan forbearance services.  All the major banks have the forms and applications needed on their website.  Remember the squeaky wheel gets the oil.  You have to be tenacious when dealing with the bank.  Make sure you follow up once a week to get a status on your case. Make sure to follow up even if they say nothing will happen for 3 weeks.  Call back the next week to make sure your new wait time is 2 weeks.