Lenders and servicers are overwhelmed with desperate homeowners trying to save their homes from foreclosure. Unfortunately, they do not have the manpower or the capabilities to save everyone. Many people are simply getting lost in the system and suffering an unnecessary foreclosure when they could have worked it out with their lender.
However, when an attorney is involved, it seems as if the calls start to get answered and the letters responded to. Often this can make the difference between saving your home and losing your home. With an attorney involved, you have an important ally in your corner to get you the mortgage help you need...FAST! It is well known you can only negotiate from a position of power. Homeowners who are behind or in default are in no position to effectively barter. However, a professional mitigation team, can build a case which places the lenders in an obligatory position. This is crucial to successfully negotiating terms on behalf of the borrowers. Negotiations by an Attorney provide these vital benefits:
They have a direct line of communication with the Loss Mitigations departments with virtually all the lenders...which gives them the ability to negotiate directly with the person who is in charge of making a decision on your loan. This means No Red Tape, run-arounds, or costly delays.
Lenders almost always deal with Attorney inquiries before the general public. The mere mention of Attorney means possible legal action, which they want to avoid.
The Attorney and their staff are familiar with what a fair and equitable Loan Modification would be. If the Lender isn't playing fair, the Attorney can threaten legal action