Why Should I Use a Law Firm for My Modification?

For those people who do not want to take on their lender on their own, or have tried and failed, or who simply do not have the time to do it themselves, there are a number of options available for help with the difficult process of Loan Modification.  Locally you can find companies, both good and bad, with and without certifications, bonds, licenses and approval from State Attorney General's office.  You can also find individual, licensed real estate brokers.  Another option is an attorney.  In my opinion, this is the best option.  The reason an attorney can be such a good option is because you are dealing with a 1000 year old institution being the bank and it is no easy task.  An attorney is good because they can do this with more force and power.  An attorney can respond properly when your lender tells you that you have been denied for a Loan Modification because you didn't send the proper docs in (which of course you did send 3 times).

Another thing which makes an attorney good for this job is the rights of you as a homeowner.  Many people do not realize their rights as a homeowner.  Simply because you are not making your payment does not mean that your lender can scare you right out of your house.  There are different protections that you as an occupier of the home have.  A local attorney will know these rights (they do differ state to state).  What many people don't realize is that it is a very real fact that they may not qualify for a loan modification.  So many people are of the mindset "if I just work hard enough they will modify my loan."  This couldn't be farther from the truth.  The fact is, you are either going to qualify for a loan modification or not.  If you are one of the millions of people who do not, and you are behind on your payments, what are you going to do?  There are a lot of other options for customers like you.  That's why you need an attorney.

MAC