Re: What to do? HELP!
Posted by NJD on July 08, 2008 at 11:15:13:
In Reply to: Re: What to do? HELP!
Posted by Dejah on July 08, 2008 at 11:09:27:
"It's a new service that's being offered by attorneys."
There is nothing new about mortgage loan modifications, and you need not pay a nickle for anyone to "negotiate" a mortgage modification on your behalf. However, an attorney could review your loan documents to determine if the loan transaction had predatory characteristics... and if it did you would gain leverage when dealing with your lender.
Most owner-occupants at risk of foreclosure would qualify for free, or low cost legal assistance from a local chapter of legal services. Legal Services provides mortgage doc review and can help you seek a loan modification if you are otherwise financially qualified.
Follow Ups:
- Re: What to do? HELP! - Steele in Minnesota 11:37:20 07/08/08
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