Many of These Companies are Not Qualified
The unfortunate state of today’s economy has made mortgage modification a rapidly growing business for many emerging businesses that lack both experience and an understanding of the relevant law involved. Many of these mortgage modification companies are flatly unqualified to successfully negotiate loans, and they have no legal strength to stand behind their actions or to provide real foreclosure defense.
By enlisting an experienced lawyer to handle your case, you have both knowledge and the strength of the law on your side. Surprisingly, the cost of enlisting a lawyer is often less than hiring a mortgage modification company. At the Price Law Firm in Altamonte Springs and Orlando, Florida, we have nearly 20 years of experience helping people who have become overwhelmed with debt.
Set up a free consultation with an experienced attorney to discuss mortgage modification. Call 407-834-0090. You may also contact us by e-mail.
The Problem With Many Mortgage Modification Companies
Any reasoned discussion concerning the proliferation of mortgage modification companies must include the proven observation that many clients have paid exorbitant fees for — in an alarming number of instances — wholly ineffective services.
The fact that the Florida Attorney General is working hard to rigidly control these companies speaks strongly to how carefully they should be approached and how problematic they eventually turn out to be for many people seeking to enlist their help. Florida lawmakers have passed a law that, in its Section 501.1377, prohibits these non-lawyer mortgage modification companies from asking homeowners to pay up front for services.
Unfortunately, there have been many demonstrated instances of this law being broken. Some mortgage modification companies have sought to find a way around the law by saying that the charges are for things like forensic loan audits to find truth in lending violations and other loan errors. This sounds like a valuable service, and it is. It’s also one that is offered for free through HUD and is part of the overall services offered by law firms like ours.
Turn to Someone You can Trust
When you turn to our law firm, you will work with an attorney who knows how to handle mortgage modifications. We are not new to this, and we are here to offer real solutions to real problems.
Fight foreclosure and make your mortgage manageable by enlisting an experienced attorney. Call 407-834-0090. You may also contact us by e-mail.