There are many mortgage modification companies out there today that want large upfront fees with no guarantees of services or recourse against them.  Many of these companies are run by the same mortgage brokers that got you into this mess in the first place and now are looking to make money on getting you out. 

 

The advantage of using an attorney in a mortgage modification is multifold:

1. They know your needs. A mortgage modification attorney knows the right way to negotiate with banks. When we present your modification application, we’ll be armed with all the documents and the right negotiation techniques.
2. Better Mortgage Modifications. Lenders will take you more seriously when you have an attorney by your side. Because they can use legal information as leverage, mortgage modification attorneys can get much better offers than you can get on your own or with a non-attorney company.
3. Attorneys give you multiply options. A mortgage modification attorney is going to look at the entire file for a client and might uncover other options that can save their homes such as RESPA or TILA violations.  An attorney can then litigate with the lender if necessary (something other mortgage modification companies cannot do).  Attorney’s can also aid in Short Sales, Deed in Lieu of Foreclosure and other Foreclosure defenses. 

Mortgage modification won’t happen overnight, but if with a capable legal team, you can be sure you’re in good hands. There is no doubt that loan modification can benefit a homeowner by helping him or her keep the home and avoid having a foreclosure on his or her credit, but a loan modification for a homeowner who cannot afford it can have disastrous effects and non-attorney mortgage medication will not care because they already have their payment and closed your file.

Have you fallen victim to unscrupulous mortgage lenders? Contact a Florida Mortgage Loan Modification attorney today for a free, no obligation consultation.