Can borrowers negotiate with lenders directly?
A. Yes, homeowners can certainly discuss their difficulties with their lenders directly, without the assistance of counsel, and attempt to work out a suitable arrangement. However, in today’s economic climate, lenders are overwhelmed and often lack the necessary resources to devote an appropriate amount of time and effort towards investigating each borrower’s financial situation. Homeowners typically find their lenders uncooperative or inaccessible. MAC’s experience in loan modification processing and the mitigation policies and practices of lenders, ensures that their attorney associates can achieve the best result possible, in as timely a fashion as possible, for their homeowner clients.
