I have come up with a long list of companies, companies which are doing loan modification but dont have some factual information about them. Can any have any suggestion or know companies doing this kind of job please suggest me along with some information about them.
Thanks.

Here are a few things you can look out for before deciding to work with any loan modification company:

1. This may sound like a given, but be sure to verify that the company is operating and complying with all local laws and regulations regarding loan modifications. Some states require special licensing-find out what the regulations are for your area then verify that the loan modification company is in compliance. Many new companies are flying under the radar and do not have the proper licensing.
2. Verify the actual physical address and check for any local business licenses
3. Contact the local Better Business Bureau to check any record of complaints
4. Upfront fees are regulated by many states-borrowers who have already had a Notice of Default filed are offered protections against predatory practices. Regardless, make sure that the company is following the law in the manner they charge and collect fees.
5. How long have they been in business? Ideally you want a company that didn't just open up shop to accomodate the new demand for loan modifications. Find a loan modification company that has a staff with years of loss mitigation experience.
6. Some attorneys specialize in loan modifications. These law firms are legally allowed to collect on upfront retainer. Although these firms may be more expensive, you will get the benefit of advanced legal strategies to gain the result you want. Just make sure that the attorney you are retaining is actually working on your file and not turning it over to another company for processing and negotiating.

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