Posts tagged as:

loan modification attorney

Can a lawyer “really” help you with a loan modification?

by Moe Bedard

Should homeowners who want to obtain a loan modification from their lender hire an attorney to help them achieve that goal? Attorneys say their services can be helpful, but lenders counter that such services are an unnecessary expenditure of money that would be better applied to overdue mortgage payments.

“Lawyers can be and have been very [...]

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Lack of Good Lawyers Adding to the Foreclosure Crisis

by Moe Bedard

Unlike similar legal fields such as bankruptcy, foreclosure is rarely a full-time practice and is often handled by real estate attorneys or legal aid services agencies. Still, more than 3 million property foreclosures were filed in the U.S. last year; South Florida is expected to see more than 150,000 this year compared to fewer than [...]

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Record Number of Complaints Target Florida Loan Modification Lawyers

by Moe Bedard

As the state’s foreclosure crisis continues, loan modification and foreclosure defense have been become hot specialties for some attorneys. The state attorney general has received a record 756 complaints through August of this year about loan modifications involving attorneys. That compares with 61 similar complaints in all of 2008.

“There has definitely been a trend in [...]

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Woman Claims Fraud To Delay Foreclosure. Yes, An Attorney Can Help!

by Moe Bedard

There is a lot of misinformation in regards to foreclosure defense and loan modifications propagating the media these days. The confusion, crooks and lack of lender help has left many homeowners on Main Street paralyzed in making what would seem like a rational decision.
Many homeowners and consumers are facing situations that are not only placing their [...]

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Florida Bar Ethics Alert: Providing Legal Services to Distressed Homeowners

by Moe Bedard

The Florida Bar’s Ethics Hotline recently has received numerous calls from lawyers who have been contacted by non-lawyers seeking to set up an arrangement in which the lawyers are involved in loan modifications, short sales, and other foreclosure-related rescue services on behalf of distressed homeowners.
 These non-lawyers include mortgage brokers, financial management advisors, foreclosure “consultants” and [...]

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Do I need a lawyer to get a loan modification, and if so, why?

by Nathan Fransen Esq.

Loan modification companies now occupy countless blogs on the internet, almost every commercial break on the radio and now even television commercials. Some are lawyers, some are not. Both groups seem to be spouting the same message to the same people.
Is this “boom” caused out of a legitimate need, or is [...]

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Learn how to avoid mortgage and loan modification scams

by Nathan Fransen Esq.

Is it me or are “loan modification scam” companies becoming as prevalent as mortgage broker chop shops were a couple years ago? I don’t mean to be overly critical, and I understand many do good work, but I have heard stories of “former mortgage industry professionals” charging thousands of dollars to negotiate with the bank on behalf of the borrower.

At the risk of sounding like a protectionist, isn’t this something that should be done by a lawyer?

I have so many people come into my office who were victims of “predatory lending” and then victims of this next loan modification craze.

Take for instance just last month, I had a client tell me they paid $15k to a “modification company”. The company promised her they would reduce her balance and lower her interest rate to 5%. This truly sickens me.

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Avoid Foreclosure With Moe. Ask Me Any Questions and I will Help For Free!!!

by Moe Bedard

I have been getting a lot of traffic to my new blog and also calls and emails. It feels great that only after less then a month, my message is getting to people who are trying avoid foreclosure and save their home.
I want to keep my website free and open to everyone who needs help. [...]

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