Can lawyer really help with a loan modification?
While there are many non-lawyer individuals and companies that offer loan modification services, a lawyer is the better choice if you are interested in a successful loan modification. Only a lawyer can give you valid legal advice about your available options in terms of a loan modification or other similar relief, and inform you of the legal implications of a successful loan modification. Plus, a lawyer is likely to have greater experience in negotiating with your lender to reach a mutually acceptable loan modification. As a result, it is wise to retain the services of a lawyer with experience in this area rather than a non-legal service providerwho will be unable to provide you with the legal advice that you need.
The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.
Additional Loan Workout Articles
- How do I know if I am eligible for a loan modification under the “Making Home Affordable
- What supporting documentation do I need to provide to get a loan modification?
- Do I need to be behind on my mortgage payments to be eligible for a loan modification under the Home Affordable Modification?
- What options does a creditor have after a borrower defaults?