Why Get a Mortgage Modification Attorney?
Any distressed homeowner that can’t afford their mortgage payments needs a lawyer. Assuming the reader is here for mortgage modification or short sale research, take the advice of a non-vested expert in obtaining a beneficial, affordable mortgage modification. I write this blog as a representative of two extremely successful mortgage modification firms. I guess I have a vested interest. Anything I write is likely to be viewed through the natural ’sales-resistance’ lens. Mandelman does not negotiate mortgage modifications, nor represent anyone who does. He’s been writing about the mortgage mess for years.
Ordinarily I condense the articles I research for this blog in order to save time for the reader. I’ll do that here, as well as insert a few things that Mandelman left out. But today I encourage the reader to follow the link below and read Mandelman today also. He puts it in a strong enough way that maybe his message will sink in.
The distressed homeowner needs an attorney to negotiate a mortgage modification. To trust any other strategy is folly. If a short sale is the better strategy, you need an investor that can submit a cash offer for your property and has the experience in short sale negotiations to relieve you in a expedient manner. Your chances of succeeding any other way are slim and none.
Mandelman hints at a forensic mortgage audit. I wish he had made it clearer. He almost pointed out that the banks, in their all-encompassing influencing of the general media, do not want any publicity on the successful mortgage modification attorneys. They only want to point out the ‘crooks’ and highly ineffectual free mortgage modification sites. As illegal and ill-advised as trial modifications are, they are also the least of a distressed homeowner’s considerations. After the modification becomes permanent (with the attorney’s supervision) a credit report can be rememdied with not-much effort.
Your lender is solely concerned with where their money is. If you don’t have it, they want their property back. To expect any compassion from your lender is pure folly. The law exists to assist that you don’t lose your home if at all possible. Only an attorney is going to ensure your rights. Ignorance is no excuse to lose your home.
According to the California State Bar’s own numbers, over the last year they’ve taken action against fewer than two-dozen lawyers in a state with 206,000 plus attorneys. They also add that they are investigating hundreds of others. (Personally, I welcome and encourage any investigation. It would be fantastic publicity for two 95% successful firms.)
Mandelman draws an analogy illustration of facing your local District Attorney. Would you listen to them when they tell you, you don’t need legal representation? Too funny. Even funnier is Mandelman’s take on Officer Krupke in West Side Story.
Since both of my firms offer risk-free guarantees, much of the ensuing commentary is interesting, but of little importance to my clients. Do read it for perspective, though. Mandelman’s roast of the California State Bar is too funny. I wish Mandelman lived in Colorado. He could roast the Colorado Dept. of Regulatory Affairs. They deserve it.
The banks are responsible for stalling mortgage modifications, not the attorneys. Attorneys NEGOTIATE mortgage modifications along pre-determined guidelines that are legislated. It’s not your fault the economy tanked, it’s the banks’ fault. They need to be reminded of that with every file we negotiate. They forget. Often. Talk about a short memory.
Even if you might get a mortgage modification, an attorney will get a better one, and the fees will pay for themselves in a matter of months.
Read Mandelman here
