When your most valuable asset is on the line...like your home during a loan modification or potential foreclosure, make sure that you hire a qualified licensed and experienced attorney to represent you in such an important matter. The modification process is long and dysfunctional and there may be many pitfalls along the way.

The process alone typically takes between 3-4 months. If you are already behind in your mortgage, there is a real possibility that you will be served with the foreclosure Summons and Complaint during this process. I cannot tell you how many clients come to our office that have been "SUCCESSFULLY NEGOTIATING" a 500 fast cash loans like green trust cash modification only to be served with foreclosure papers.

This happens all the time. This happens because the Loss Mitigation / Modification department is wholly separate from the Lender's Legal Department and each department has their marching orders. These departments DO NOT COMMUNICATE with one another. The Legal Department will not hold off foreclosure proceedings and you will have to hire an attorney to defend the foreclosure action.

It does not make sense to hire a "Foreclosure Rescue Firm" or "500 fast cash 5000 installment loans bad credit Modification Company" if they cannot stand shoulder-to-shoulder with you in the courtroom. Many experienced attorneys help negotiate the Mortgage Modification in conjunction with providing a foreclosure defense. Furthermore, many qualified firms will include the cost of a significant portion of the foreclosure defense together with the cost of the 500 fast cash installment loan direct lender bad credit modification.

Therefore, if there is even a possibility of a foreclosure, it makes more sense to hire the attorney sooner rather than later. Beware of these Mortgage Rescue companies. Many of them are out-of-work mortgage realtors and mortgage brokers. If you are tempted to engage one of these companies, please make sure you review the recently enacted law by the Florida Legislature which specifically targets these companies, The Florida Foreclosure Fraud Protection Act. Among other things, this law prevents these foreclosure rescue companies from getting paid up front and also requires a "Cooling off" period. The Banks have lawyers. You should have a lawyer on your side.