A: No
Sure, if you can’t qualify for a refinance you could pay one of these many “loan modification” companies that are sprouting up like weeds to help you out. But we recommend against it. Those firms just charge you thousands of dollars to do something you can do yourself. Anyone can contact their own bank and seek a loan modification after all. You don’t need to pay thousands of dollars to do that.
These firms are largely preying on the fear and ignorance of people in the current economic downturn. Don’t let anyone tell you that you can’t contact your own lenders yourself.