If you are thinking about using an attorney or a law firm for your California Loan Modification, that is probably a very good idea. However, it is very important to pick the right attorney. Some very important things you need to look for are the following:
Make sure the attorney is SB 94 compliant. This means they collect no advanced or upfront fees. This is CA law.
Make sure the attorney is affiliated with the CA Bar and is in good standing with them with no investigations or complaints against his record.
Make sure the attorney has a good rating with the Better Business Bureau.
Make sure the attorney has a lot of experience in loss mitigation.
Make sure the attorney has a good technology platform for managing their loss mitigation files.
A nice plus is if the attorney has a good rating with Martindale and Hubble.
Make sure the attorney is a specialist in all different loss mitigation options such as loan modification, forbearance, repayment plan, deed in lieu, cash for keys and short sale.
If the attorney fits all of this criteria make sure you understand how the process works and who will be working on your file. Also clarify how updates are handled and the expectations of the service. There are some really good legal options out there for California homeowners; it's just about finding the right ones.
