Profile picture for kay 63

I am trying to get a loan modification. Should I hire a lawyer

  • March 28 2010 - Stickney
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Answers (4)

you can do it yourself and there are alot of free services out there.  It all depends on whether you have the time, energy and know how to get it done.  If you try it yourself and you get denied don't give up, either resubmit it and make updates or find an attorney.  It is a time consuming process and also lengthy.
  • April 02 2010
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Whatever you do, make sure they are legit. There's alot of fraud going on with this. Pick a legitimate company in your area. An attorney is a safe bet and if you call your lender, they can help you also, however, keep in mind that they can deny you if the numbers don't add up, your not working. An attorney or a valid Modification company, with paralegals, etc.. may work harder on your behalf with your lender. I've heard stories from both ends. Good luck.
  • March 30 2010
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Profile picture for DaveAndersson

Call your lender and ask for the loss mitigation department. Tell them you are having a difficult time paying the mortgage and ask them if they can offer any assistance. Don't hide from your lender because they will think you don't want to work something out. Lenders are getting better at the process of doing these loan mods.

  • March 30 2010
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do it yourself.

copy and paste link to your browser, follow instructions, know the guidelines then download the forms and mail them asap. determine what your real cause of hardship is before writing your letter.

http://www.wix.com/do_it_yourself/loan%20modification

If you can afford to pay for a lawyer I suggest you use the money to pay the bank instead, you would be a few months less behind from doing so.
  • March 29 2010
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