Do I need retain a law firm in order to successfully negotiate and receive a loan modification?
Technically, no. On the one hand, if you qualify under a Federal or State program for loan modification you may be able to negotiate a satisfactory solution for your particular situation in a timely manner by yourself. But, it should be noted that this is a legal process. If you are successful, you will be required to execute new documents with legal obligations. If you are not able to successfully negotiate with your lender, there could be dire consequences, such as the loss of your property through foreclosure or otherwise, damage to your credit or deficiency actions. It is imperative to put together the best team to represent you in this confusing and, oftentimes, difficult process. With Reed Law’s extensive real estate experience, we are in a strong position to achieve the most favorable results for you. Additionally, we can analyze the new legal contacts and explain the terms to you so you know what you are agreeing to. On the other hand, if you do not qualify under a Federal or S
