Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Loan Modifications - Civil vs. Attorney
There are 2 types of Loan modification. Civil and Attorney.
Both types of loan modifications should:
reduce your interest rate to a fixed rate of 5%-5.5%. Loan modification should add interest, penalties, fees, etc.. onto the back-end of the loan. Finally, you should try to amortize your new loan past 30 years or more. Civil based loan modifications offer the same services you could do yourself. However, the process requires detailed paperwork, organization and time. So, for a little bit of money, you can have a company do all of this for you. It is quite an emotional relief as well to have a company communicate with your bank on your behalf.
For a little bit more money. (sometimes a lot more money), you can use a
attorney based loan modification company. Although, both companies do the same thing and generally have the same knowledge of State and Federal laws and lending regulations, there is no doubt that banks seem to react more quickly in dealing with lawyers.
A common tactic , that is quite effective in this market, is that attorney based loan modification companies find and prepare sound arguments and founded accusations of predatory lending and threaten lawsuit if ... more

__________________________________________________
Are you on The Rain? Grow Your Network!