We are starting to see a lot of internet and some direct mail marketing pieces from "attorney backed" loan modification companies.

What does attorney backed loan modification mean?

Are you dealing directly with an attorney?

Are you signing a retainer agreement with an attorney?

Will an attorney be discussing your option with you?

Will an attorney be supervising paralegals or speaking with the lender directly?

Will an attorney be using RESPA law and other California based laws in attempt to get a better loan modification than your lender typically offers?

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Why do others go through the charade of pretending they are "attorney backed"?  Because they my not be licensed by the California Department of Real Estate. Or, because they wish to charge  up front fees, but they have not been authorized to do so.  (see the california department of real estate website.)

Remember, if you have received a Notice of Default, no one but an attorney is legally allowed to charge you advance fees.

There are a lot of former sub prime mortgage brokers who got back in the mortgage game by opening up fly by night loan modifcation companies. Before you pay advanced fees make sure your loan modification company has earned the right to charge up front fees.

See if you Qualify for Negotiations First Name* Last Name* Email* Phone* Please List One Property at a time State of Subject Property* Zip Code of subject Property* Purchase Price* Amt of senior Loan approx* Amt of junior Loan approx* Amt of third Loan approx Do you live in property* yes no About when did you take out 1st Loan When did you take out 2nd When did you take out 3rd When did you purchase property Did you move in when purchased Which loans are at leaset 60 days past due 1st 2nd Both Have you suffered a loss in income* -- Please select --yes no Are you still earning income* -- Please select --yes no What type of Modification are you seeking 1-5 year payment reduction Permanent Payment Reduction Principle and Payment Reduction Monthly Gross Income* Monthly Net Income Monthly Debt payments (do include payments detailed above* Monthly Housing Payments - including Taxes, Insurance, Hoa's,* Monthly living expenses not detailed above Is your current first loan interest only* Yes No Is your current second loan interest Only* Yes No Question / Comments Enter the code:    Please wait...