Mortgage Broker vs Attorney :: Who can I trust to modify my loan?Posted by Ben Nicolas on
Lots of lawyers or "Law Groups" are spending lots of money trying to convince consumers Mortgage Brokers and Real Estate Agents are bad and Lawyers are good. To me this is like a fox offering a Chicken a "safe haven" in its den from a Cat its running for its life from.
Here are some issues a homeowner should be aware of before choosing any person or company to modify their loan:
- Who is telling me what type of loan modification results I'm likely to get? A salesperson on commission for getting my check? or someone with experience negotiating with different lenders' Loss Mitigation Departments?
- Who will be negotiating with my lender? An actual attorney, or an out of work, unlicensed, former sub-prime mortgage flunkee who is doing loan mods now? …
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