What's the Difference Between a Loan Modification Lawyer and a Housing Counselor?
One thing you need to be careful about is scams. The right loan modification lawyer can help you avoid such traps.
For example, housing counselors who are not lawyers are not allowed to charge you an up-front fee for their services.Housing counselors may also make you false promises or tell you to do things you shouldn’t, such as to stop making mortgage payments.The FTC has an article on how to avoid mortgage foreclosure scams.
There are free housing counselors, but they have a drawback. Because they are free, they have limited resources.
Attorneys, on the other hand, offer an advantage: if you do not qualify for a loan modification or you are denied, an experienced attorney can enter into a dispute with the bank, and can even file a lawsuit to enforce your rights. If you still don’t qualify for a loan modification, an attorney can help you defend against foreclosure or help you arrive at a different workout solution. Our firm offers clients who need foreclosure after going through a loan modification application with us a discount on the initial retainer.
Book a free consultation.