Comments on: How much are Real estate attorneys fees to remodify mortgage loans? http://www.kickstartpress.com/mortgage-loans/how-much-are-real-estate-attorneys-fees-to-remodify-mortgage-loans Thu, 09 Sep 2010 01:22:59 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: rich8259 http://www.kickstartpress.com/mortgage-loans/how-much-are-real-estate-attorneys-fees-to-remodify-mortgage-loans/comment-page-1#comment-1381 rich8259 Fri, 25 Dec 2009 14:58:59 +0000 http://www.kickstartpress.com/mortgage-loans/how-much-are-real-estate-attorneys-fees-to-remodify-mortgage-loans#comment-1381 No need to get an attorney to get a loan modification. First of all, if you have been late on a payment, call your lender directly and have them modify your loan accordingly. Keep in mind, they will evaluate what the value is, how much you owe, determine your ability to pay back and then decide whether or not to gran the modification. In other words, if you are so "upside down" on your house (loan is much higher than value) they may consider a principle reduction as well as an interest rate reduction. However, if you lost your job and have no real way of paying anyway, you may well be denied. If you haven't missed a payment your bank will probably stonewall you and you need to use a loan modification service (not an attorney). I suggest talking to friends, reletives local people you know in real estate and get a referral becuase some of these services are shams. Be Careful!<br><b>References : </b><br>20 years in the real estate field No need to get an attorney to get a loan modification. First of all, if you have been late on a payment, call your lender directly and have them modify your loan accordingly. Keep in mind, they will evaluate what the value is, how much you owe, determine your ability to pay back and then decide whether or not to gran the modification. In other words, if you are so "upside down" on your house (loan is much higher than value) they may consider a principle reduction as well as an interest rate reduction. However, if you lost your job and have no real way of paying anyway, you may well be denied.

If you haven’t missed a payment your bank will probably stonewall you and you need to use a loan modification service (not an attorney). I suggest talking to friends, reletives local people you know in real estate and get a referral becuase some of these services are shams. Be Careful!
References :
20 years in the real estate field

]]> By: carmensellsthehighdesert http://www.kickstartpress.com/mortgage-loans/how-much-are-real-estate-attorneys-fees-to-remodify-mortgage-loans/comment-page-1#comment-1380 carmensellsthehighdesert Fri, 25 Dec 2009 14:41:59 +0000 http://www.kickstartpress.com/mortgage-loans/how-much-are-real-estate-attorneys-fees-to-remodify-mortgage-loans#comment-1380 You do not need an attorney to do a loan modification. You can work directly with your lender if you choose. There are loan modification companies that may possibly be able to negotiate a better workout for you. The bank is looking out for themselves and will do the minimum to satisfy you. A loan modification company will probably charge you approximately the equivalent of one house payment subj to minimum and maximum. They work on your behalf and can usually negotiate the best possible workout for you.<br><b>References : </b><br>CA Licensed Realtor You do not need an attorney to do a loan modification. You can work directly with your lender if you choose. There are loan modification companies that may possibly be able to negotiate a better workout for you. The bank is looking out for themselves and will do the minimum to satisfy you. A loan modification company will probably charge you approximately the equivalent of one house payment subj to minimum and maximum. They work on your behalf and can usually negotiate the best possible workout for you.
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CA Licensed Realtor

]]> By: South Side Chick http://www.kickstartpress.com/mortgage-loans/how-much-are-real-estate-attorneys-fees-to-remodify-mortgage-loans/comment-page-1#comment-1379 South Side Chick Fri, 25 Dec 2009 14:30:59 +0000 http://www.kickstartpress.com/mortgage-loans/how-much-are-real-estate-attorneys-fees-to-remodify-mortgage-loans#comment-1379 Your better off going thru a mortgage broker. They will charge you an origination fee and processing fee. It will probably end up costing less than an attorney would charge. Ps. You might be able to talk them out of the origination fee, if you tell them your story.<br><b>References : </b><br> Your better off going thru a mortgage broker.

They will charge you an origination fee and processing fee. It will probably end up costing less than an attorney would charge.

Ps. You might be able to talk them out of the origination fee, if you tell them your story.
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