Why You Need to Be Represented by a Loan Modification Attorney

This is a great article posted by a blogger here on blogspot. Definitly worth a read!

Why You Need to Be Represented by a Loan Modification Attorney
Consumers and 'so called' loss mitigation specialists are at a distinct disadvantage in the loan modification process. The reality is that most banks aren’t really willing to help you unless you have an attorney fighting for your rights. A Loan Modification Attorney is the only one who can get you the maximum results you deserve.

An Attorney Performed Loan Modification has a reported success rate in the 90th percentile when dealing with a qualified homeowner.

Attorneys usually have established alliances with the underwriters of all major lenders and understand servicer guidelines which are not typically shared with homeowners. These relationships allow them to negotiate more aggressively and get the best results possible. As a result, they are able to negotiate better loan modification terms such as reduction of interest rate, elimination of deficiencies, reduction in principal balance, and extension of terms.

Attorneys also tend to ensure their client's loan modifications are all pre-approved before they ever submit a client package to the bank.

In order to get the best outcome for your loan modification you want to be represented by the best professional, which in this case is a Loan Modification Attorney. It's the equivalent of having a CPA or Tax Attorney represent you during an IRS Tax Audit.