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Profile picture for annie764

Does anyone know a good loan modification company or lawyer in Atlanta Georgia area?

  • February 16 2010 - US
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Answers (9)

Profile picture for sunnyview
Many people say you should seek a loan modification if you are underwater, but that is not the case. Sometimes the loan modification is not in the borrower's financial interest. They would be better off seeking the advice of an attorney about bankruptcy or negotiating to walk away with a deed in lieu. People who made the choice to pay no more 2-3 years ago are now back in the market with their credit good enough to get a new mortgage.

Loan modification are often promoted as a panacea--the single best way to keep your house and credit intact. Many who thought that they were helped by them have now come to regret keeping their underwater house. They regret signing on for large one time balloon payments, additional interest/fees or a super long term that cannot be refinanced and they have found that they may again be in danger of losing their house due to the modification terms.

Get all the information you can. Seek legal advice and ask yourself if keeping the house is really in your best interest long term. You do not need to pay a dime for a loan modification and there is nothing that a "company" can do that you as the owner cannot. Just remember banks care about money so you may need to refuse to keep paying using the bankruptcy court before they will come to the table with a helpful offer.
  • June 04
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Profile picture for windybrow
I like Rox's advise. It is the first thing you should do.
I facilitate loan modifications for a living and it is the first thing i say to someone who calls us.

However, the people who usually contact me, they are far deep into a distressed condition. 
 Their response might be something like:,"Don't you think I've already tried that?!?
I'm eight mont's behind and the mortgage company is just playing games with me.

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Ron Smith
  • June 04
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Profile picture for itsjstme
It is so hard to find someone who knows what they are doing and i can trust. But my wife actually discovered someone from her book club and she was very good and professional.
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  • September 08 2013
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Hi, 

Before hiring any attorney I would check the following: 

1) Check your local state bar to check to see if the law firm you intend to hire has had complaints   and make sure with your local state bar what the laws are of loan modification payment. 

2) I would  interview at least 3 different law firms and ask the following questions: 

   1) will you run my npv analysis?
    2) how do you determine what my payment will be and what my income level needs to be?
3)_ ask them what guidelines they follow for your loan modification? 
4) REFERRALS  ASK FOR 5 REFERENCES AND ASK TO SEE FINAL MODIFICATION APPROVALS  NOT TRIAL APPROVALS
5) What exactly will they do for you?  ask what their process is  and what if anything will they do for a denials. 

Lastly) how do they follow up with you and how long will they work on your file. 

some firms will only work until you receive an approval or denial  some will work thru an appeal but may have a small charge. 

Dont only ask for the fee is because some firms to considerably more than others and you cant base that only of the payment.  

Example, we submit up to 3 times and will appeal a denial  not all firms do that. ASK their policy. 

Make sure the law firm is located in the same state as either you or your home an attorney is required to be licensed to practice law where ever they accept legal work.... 

These are important questions to ask   NOT LEGAL ADVICE  FOR INFORMATIONAL PURPOSED ONLY 
  • February 19 2013
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Profile picture for user089864
Hi Annie.

The Oaks Firm is a full-service law firm in Atlanta, GA [Promotion and contact information removed by Zillow moderator. Please see our Good Neighbor Policy for information.] Best wishes to you!
  • February 13 2013
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Profile picture for GiselePrizio
You can contact AFAH, check them out on the web at www.afahinfo.org, they are up in boston but have done work for a couple friend during the summer down in here with good results. They are not a free service but affordable to deal with and did over deliver in both cases. Hope this helps you.
  • December 05 2012
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Before considering hiring a mod service, please review:

http://www.preventloanscams.org/states?id=0010

My experience is that there are WAY more unethical people in the loan mod biz than honest ones.  buyer beware. 

  • March 17 2010
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Not sure if you need a loan mod but if you do, call your lender first and see what they have available to you. Most lenders only charge a small processing fee to complete a loan mod. You can do it on your own with their instructions. It's not hard and you will save a lot of money.
  • March 17 2010
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Profile picture for The Maven
Hi Annie,

Not sure if you're still checking back here for answers, but if I can ask....

What exactly is it you're looking to acheive?

Will be glad to help you...

Drop A line,

The Maven
  • March 13 2010
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