These questions are coming up more often than I expected. Homeowners are becoming more and more aware and are doing research to make sure their hard earned money will be an investment rather than a loss due to hiring an unscrupulous company.
What is the difference between hiring a licensed Attorney and an" Attorney-based" company?
Which is more affordable and/or beneficial?
Can't I just work with my lender?
I am here to state facts. Distressed homeowners usually end up contacting me for advice because they Know I will deliver honest answers. Sometimes you will not like what I have to tell you but will appreciate my being straight forward.
If you would like some assistance in locating an affordable, established, and reputable Attorney, (with credentials and a money back guarantee) feel free to contact me.
Okay so let's address the first question: What is the difference between hiring a licensed Attorney and an "Attorney based company" to handle my loan modification needs?
1a. Attorneys have experience in analysis and arbitration necessary to reach a fair agreement. You will obtain legal representation and consultation with a licensed Attorney that will be fully disclosed in your Retainer Agreement.
1b. Loan modification Companies usually consist of former loan officers, brokers or processors. An Attorney may be A phone call away if advice is needed, but in most cases your contract will not consist of Attorneys and will deflect any legal advice. This term, "Attorney based" is being widely abused.
2a. Lawyers must be licensed through the state in which they practice and each state keeps a file of the lawyer’s credentials.
2b. Loan modification companies usually only consist of an LLC license, maybe even incorporated. This does not at all imply they are familiar and abide by laws and regulations. It simply means they have acquired a business license.
3a. Attorneys are retained to fight and negotiate on your behalf as well as advising you of your options that are in your best interest and are closely monitored by the Bar Association.
3b. Loan modification companies often attempt to scam borrowers by accepting money or fees for loan modification services and then rejecting any type of loan modification that is plausible for the borrower, or imply minimal work on a file and do not implement negotiating tactics which will end up in less favorable results for the homeowner.
4a. Attorneys have a lot more at risk. Example: Schooling, licensing, establishing a Firm. The need for third 
party interference for loan modifications are temporary. They know this so why risk an entire establishment over an economy phase?
4b. Loan Modification companies were established recently due to the foreclosure crisis and has been abused. Many are in it for the short haul and to make fast easy money. Doesn't take much to establish an LLC or to destroy it and start over with the new phase.
5a. Attorneys show a much stronger and threatening presence in front of the lender than a loan modification company. Lawyers know what is required of the lender by law. Lenders will deal more honestly with a lawyer and be much more cooperative.
5b. Not all loan modification companies are bad but none of them can offer the same degree of professionalism and the full spectrum of representation that a licensed Attorney can.
Very Important: "Attorney based" loan modification companies are not law firms. When you discuss the details of your mortgage with these companies, there is no attorney/client privilege. Any conversation you have with a non-law firm loan modification company is discoverable by a state agency and not protected by attorney client privilege and therefore not confidential.
Second Question: Which is more affordable and/or beneficial?
I think I answered which is more beneficial. But cost is most definitely a top factor in the equation.
In most cases you will find Attorneys to be a little more costly than loan modification companies. But this can easily be argued if you calculate this over long term savings.
Here is an example:
You hire Attorney (A)to negotiate a loan modification that costs you $3000.(I know an Attorney that is more affordable but this is a typical fee)
You save $500 per month which adds up to $30,000 over a period of 5 years. And the savings over 6 months would pay for that Retainer fee. (hypothetically speaking)
VS.
You hire a loan modification company who may charge $1500.(could cost up to $3,000 but $1,500 is typical)
Being said that nearly 80% of loan modification companies are fraudulent, the chances are very high for an unfavorable outcome which usually results in the homeowner out of $1500 and possibly losing their home.
But let's say you hire one of the "good "loan mod companies. First of all, consider yourself lucky. Second, the chances of your results even coming close to what an Attorney can do is almost nil to none.
Instead of saving you $500 they save you $300 per month. That is a savings of $18,000 over 5 years or a loss of over $10,000 depending on how you look at it.
So my opinion is to invest in an Attorney to ensure most favorable results for You! $1,000 -$1,500 is not worth the risk to me.
Third (very commonly asked) question: Can't I just work with my lender?
Of course you can try to and I always suggest that you do before exploring your options to hire outside help.
But in most cases you will find that you are being "put off", denied for ridiculous reasons, ignored, or offered an undesirable plan. There is still that slight chance your lender will happily work out a plan that will be beneficial to you. Therefore, I think it would be in your best interest to explore this option first.
It is imperative that you do not verbally agree or sign an agreement unless you are satisfied with the offer. A lot of times, one of the stipulations will be that you will not be eligible for a modification for 12 months once you accept that offer. And remember. your phone calls are monitored and recorded so be careful of what you say.
If you would like some assistance in locating an affordable, established, and reputable Attorney, (with credentials and a money back guarantee) feel free to contact me.
Important Links:
Pre-Approval Loan Modification Application
How to Avoid Loan Modification / Loss Mitigation Scams
Loan Mitigation Services FAQ's
Why won't my lender won't work with me?
C Thompson
Case Manager
Call me: 407-219-8739
Email me: cthompson@keepyourproperty.info
If you found this blog helpful please comment. This will help others find my information with ease. Thanks!
This issue has to be addressed NOW!
I hope this message clears it up for many of you out there scratching your heads.
You know, it really amazes me how many times I get a call from someone who is struggling to pay their mortgage, and tells me they have talked to their lender or some other loan modification company, and were told they need to miss a few payments in order to get some help.
Well, we all know why the lender's may be communicating this to the distressed homeowner. Because they have too much on their plate. There's just not enough manpower to handle the amount of requests for loan modifications. So they will tell the homeowner they need to be late for them to take it seriously. Sounds like a good enough excuse right? WRONG!
As for a lot of these "loan mod companies", what could their reason be to advise you to miss a few mortgage payments? Well, unfortunately, it's usually the same as to what the lenders are saying. But the reasoning is a little different. Did you know the majority of loan mod companies do not utilize Attorneys to negotiate for their clients? Let me tell you what this means. There is no negotiating. A package is submitted to the lender, which you can do yourself, by the way. The lender comes back with either a denial, a re-payment plan, or a "loan mod". These new terms are mailed directly to you from the lender. Do you see any negotiating in that? Nope. Basically, the so-called loan modification company is at the lender's mercy, just like you would be if you dealt directly with them. What if the new terms don't suit you? Well too bad, they did their job. That's what you most likely will be told.
Now, with that being said, of course if you miss a few payments the lenders will see you as a direct threat as far
as foreclosure is concerned. So these other mod companies have a better chance at getting a more suitable modification. It's not promised, though, because remember, these new terms will not be negotiated.
On the other hand, if you have attorneys working on your behalf, what does their job consist of? Representing you, fighting for you, Negotiating. Attorneys use leverage meaning, they can present your case to your lender in a way that shows you have exhausted your savings, 401k, or credit cards just trying to pay your mortgage payment on time. They can also present them with proof of your hardship, finances, and budget which will build a profile for you and your unique situation. A forensic loan audit should be part of their services as well, which in most cases will add more ammo to your case. All of this, shows an immediate threat to your lender. Which means you will get better results with out having to damage your credit by intentionally falling behind on your payments. You can get help before you are late!
I know what your next question is. Is it more expensive to hire an attorney based company than it is with a company who is not? The answer is.... no. Not with us it's not. In most cases we are more affordable. I can't speak for anyone else. But anyway, that's another topic.
Here is another one of my blogs in retrospect to this one. Why Did My Lender Turn Down My Modification Application?
This is why so many of you are turning to outside help. It's too emotionally draining to handle on your own, and besides, most people don't know how to even begin to negotiate with their lender. It's best and more rewarding to put this chaos in an expert's hands. I advise you to utilize an attorney or attorney based company. Attorneys have a strong presence when presenting your case to them. There is strategy and an intended battle to help your case along. No matter what company or Attorney you choose, make sure you do extensive research to ensure legitimacy.
I have complied a handful of companies who:
1. Are members of the BBB with a Good rating or in good standing with the Bar Association if they are an Attorney
2. Are attorney based or a Law Firm who oversees the files or does the actual negotiating
3. Have proof of success
4. Have passed my legitimacy test (scam free, and researched thoroughly through reliable resources, contracts reviewed, and imperative questions answered)
5. Have reasonable fees and have a Money Back Guarantee
6. Have the clients best interest in mind
7. Are structured and organized
8. Are in compliance with federal regulations and guidelines
9. Are helping homeowners in the State you reside in
As you can see this takes a lot of footwork and many hours to develop. Each company is unique in their own way and offer different services and have variable fees. After speaking with you about your unique situation and having evaluated your circumstances, I will suggest someone who suits your needs, explain the process, and will be there every step of the way.
I have many blogs that are intended for the public to be informed and get honest answers. That is hard to come by on the Internet. I have taken it upon myself to look out for your best interest whether it benefits me or not. There is so much self gratification just knowing I am helping thousands, if not, millions of you become more and more informed so that you can determine what's best for your family, on a no- pressure basis.
Note: I present information to the public that is factual, and to the point. Many of you out there just want honest answers and to know who to trust with your most valuable asset. Sometimes, I won't tell you what you want to hear, but you will get the truth.
I am more than happy to speak with you and advise you to the best of my knowledge. (877) 646-4331
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Take Care and God Bless!
More Helpful Blogs:
How to Avoid Loan Modification / Loss Mitigation Scams
Loan Mitigation Services FAQ's
Why won't my lender won't work with me?
C Thompson
Loss Mitigation Case Manager
407-219-8739
Toll Free: 1-(877)-646-4331
Most people facing foreclosure think when writing a hardship letter, they need to make it as detailed as possible and end up writing a letter that is 2 to 3 pages long. Lender's do not want to spend a lot of time reading about your hardship. Which in turn means, you don't have to think so hard or spend hours writing a long letter. All they need are the basics. Below, I have a sample hardship letter that should help you when writing yours.
Sample Hardship Letter
Dear Mr. Smith:
The purpose of this letter is to explain the circumstances that have prevented us from
paying our mortgage. We have done everything we can to remedy this situation, but we
still do not have enough money to pay (insert lender’s name here) what we owe.
The main reason why we are late in paying our mortgage is (provide brief explanation
here including the approximate date of the hardship). As a result, we have fallen behind
in making our regular mortgage payment to (insert lender’s name here).
We regret this situation, but at this time we do not have the funds and are seeking your help.
Our home means a great deal to us and we are willing to do whatever we can to avoid
losing it through foreclosure. We are anxious to settle this matter and would appreciate
very much receiving a prompt response.
Respectfully yours,
Borrower’s Signature
Co-Borrower’s Signature
NOTE : If you found this information useful, please leave a comment. Thank you :-)
If you have already tried to work with your lender and find you are getting nowhere or they have turned you down for reasons you think are absurd, feel free to contact me. I will offer advice and try to let you know what your options are based on your unique situation.
You may also find these blogs helpful:
How to Avoid Loan Modification / Loss Mitigation Scams
Loan Mitigation Services FAQ's
Why won't my lender won't work with me?
C Thompson
407-219-8739
Toll Free: 1-877-646-4331
In the last week I have had 2 clients of mine tell me their credit card companies have reduced their initially high limits to very very low limits.This was done with out permission.
There was no warning of any sort. These 2 clients of mine had excellent credit, never been late, paid more then the minimum on their accounts, and are still employed.
This is very frightening considering the state our economy is in. Right now, due to loss of income , and non stop hardships, people are depending on credit cards for back up.
As a matter of fact, when I ask my clients about their hardship (which is a qualifying factor when applying for a loan mod), the majority will tell me they have exceeded their credit card limits just trying to make ends meet.
This may be the main reason on why credit card companies are so eager to reduce credit limits dramatically on their loyal customers.
In my opinion this will only add to our economy crisis.
Any opinions on this?
Many people who are falling behind in payments are now facing foreclosure. Sometimes you may feel like you are losing your home and losing your mind. Or maybe even depressed and close to suicidal. And it may even be hard for you to sleep at night and hard to cope with any of your daily activities And before you know it, you are ignoring all of the notices and phone calls from your lender, just hoping they will go away. In the meantime, you fall further and further behind. And before you know it, it's too late. You have finally been pushed out of that home you worked so hard for.
Losing my home and I am losing my mind, The above scenario does not have to take place. This is your home. You know, the one you were so ecstatic about when you opened your front door for the first time? The one you planned to raise your family in and celebrate all of the holidays, and decorate to your own taste? The American dream that you were finally a part of. Isn't this enough to give you some strength to fight back? Yes, I said fight back!
The letters will not go away. The phone calls will not stop. Even if you talked to your lender and you were told you don't qualify for a loan modification, or you never heard back from them. There is still hope for you.
This is what upsets me the most. Lenders will not admit that they just don't have enough staff to keep up with all of the pre-foreclosures. Instead they tell the distressed homeowners that they don't qualify or they can't help because of some ridiculous reason. What they should be telling them is, " We can't handle your case right now. Please seek outside help."
We actually pre- qualify, approve, and structure your loan modification packet. Our attorneys then mitigate and negotiate on your behalf. What does this mean? We convince the lender that it would be wise for them to change the terms of your loan so that you can afford it. The benefits to this can be lower interest rate, past due payments added to the end of the loan, reduced principle, longer term, or all of the above. The bank is also happy with this because they no longer are facing a huge loss if they foreclose on your home. Folks! The bank does not want your home! Fight back!
In order to qualify for this service, it's pretty simple. 
Are you or were you facing a hardship?
Are you past due on payments or know you are unable to make the next one?
Has your rate adjusted and you can no longer afford the payments?
Investors? Have you lost a renter? Do you want to keep your property?
If you answered yes to any of these questions, most likely you qualify.
The first step, which is facing this problem head on, is the hardest step. No more denial. No more depression. No more hiding under the covers. No more fear. You are the homeowner, so you have the leverage. Use it to your benefit and fight back! Life entails of a lot of challenges. We are built to fight for what we love and have worked hard for.
Call me to see if you qualify or visit my website and fill out the online form. I care about you and will work hard to help you. 407-219-8739 or www.keepyourproperty.info.
C Thompson
Case Manager
407-219-8739
cthompson@keepyourproperty.info
Important Informative Links
How to Avoid Loan Modification Scams
How to choose an Honest Loan Modification Company
Why won't my lender work with me?
Pre-Approval Loan Modification Application
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ARE YOU OR SOMEONE YOU KNOW FACING FORECLOSURE? I can help SAVE the property, work to have missed payments moved to the end of the mortgage, keep your family in the home and avoid displacement.
My service is free to distressed homeowners looking for guidance when searching for a legit loan modification company. I am appalled at the fact that so many homeowners are being taken advantage of or being ripped off by companies who portray themselves to be something that they are not. I have taken it upon myself to do this research, and find out who is the real deal. Because the fact of the matter is 75% of loan modification companies fall in the categories of either scam artists or inexperienced and misleading. Most of you in desperate need of help, are panicking and doing this sort of research is overwhelming for you. On the other hand, there are reliable Attorneys out there who have credentials. The challenge is trying to locate them. So what I have done is my own research on individual Attorneys to ensure they are established and reputable.
I have complied a handful of Attorneys and Law Firms who:
1. Are in good standing with the Bar Association
2. Are actual licensed attorneys who will be representing you and negotiating for you.
3. Have proof of success
4. Have passed my legitimacy test (scam free, and researched thoroughly through reliable resources.)
5. Have reasonable fees
6. Have the clients best interest in mind
7. Are structured and organized
8. Are in compliance with federal regulations and guidelines
9. Are helping homeowners in the State you reside in
As you can see this takes a lot of footwork and many hours to develop. Each Attorney or Law Firm is unique in their own way and offer different services and have variable fees.
What I will do is discuss with you one on one about your unique situation. I will then determine your eligibility, and will decide which one of these legit Attorney's will suit your specific needs. Once you are on board with a specific law firm, (which I will help you with) you and I will stay in contact throughout the process if you wish. I do not charge a fee to provide this information to you. I am so fed up with all of the scams, I feel it is my personal duty to stand up for the public and provide this service.
I have compiled many blogs which provide valuable information for homeowners in need of assistance. I feel consumers are entitled to ample information when making a decision that involves their most valuable asset, their home.
There are multiple Loss Mitigation companies who claim they extend their services all through out the US. Hiring an Attorney is the best, most beneficial route for homeowners to take these days. I want to help as many home owners as possible. I do not want you to become a statistic. Some of these loan mod companies claim they consist of licensed Attorneys andmost do not.
It is my job to know which attorneys are established, trusted, and reputable. Most will work with owners that are at any stage in the foreclosure process, even pre foreclosure. During the negotiation period, the owners can still rent/sell/live in their home. The process should take 8-12 weeks depending on your personal circumstances.
******Very Important: There will be a money back guarentee with the company we choose. The terms of this will fluctuate depending on the company. This will be explained to you during your free consultation.
Even hard-working people can encounter unforeseen situations which may affect 
their ability to pay their mortgage in a timely manner. Many issues can be contributing factors such as temporary job loss, medical illness or injury, marital difficulties, unforeseen repairs or high utility rates, tenant problems, or even a death in the family. Just one of these situations can have a direct bearing on making home mortgage payments.
I realize that the situation you are in is very stressful and emotional for you. I take my time to discuss your situation with you and provide you with one on one help, and steer you in the right direction. Please do not procrastinate, it is the worst thing you can do right now. Call me now and allow me help you. My main objective is to keep you in your home.
A loan modification is designed to help you bring your mortgage payments up-to-date, and to modify your existing mortgage terms to fit with in your current budget. Using creative and often unconventional methods, all well within the Code of Federal Regulation guidelines, we fight to freeze the foreclosure process, and keep you in your home.
As a professional who understands the mortgage industry from years of experience, I know how to help you. Put my expertise into action and you could become another one of our thousands of satisfied clients. If I am unable to help you, I may have other solutions that will. 
Call to find out if you qualify for assistance today or visit www.keepyourproperty.info and fill out the pre-approval form. I look forward to assisting you and to helping you achieve your goals. Please call me TODAY for your free consultation!
How to Avoid Loan Modification / Loss Mitigation Scams
Loan Mitigation Services FAQ's
Why won't my lender won't work with me?
For our clients we agree to do the following:
If you are facing foreclosure, you are not alone. I can help you, and I want to help you. Just pick up the phone and call my direct line at 407.219.8739.
You will be very pleased that you chose me, Callie Thompson as your
personal one on one Case Manager.
Well, what are you waiting for? Contact me now 407-219-8739
Toll Free 1-(877)-646-4331.
Pre-Approval Loan Modification Application
Check Foreclosure Procedure For Your State
Alabama (AL), Alaska (AK), Arizona (AZ), Arkansas (AR), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Indiana (IN), Iowa (IA), Kansas (KS), Kentucky (KY), Louisiana (LA), Maine (ME), Maryland (MD), Massachusetts (MA), Michigan(MI), Minnesota (MN), Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV), New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Tennessee (TN), Texas (TX), Utah (UT), Vermont (VT), Virginia (VA) , Washington (WA), West Virginia (WV), Wisconsin (WI), Wyoming (WY)
I am more than happy to speak with you about your unique situation. To schedule an appointment and complete a free appliction, you can call my direct line at 407-219-8739.
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