Can a Homeowner Complete a Loan Modification on Their Own
Homeowners can successfully negotiate a loan modification on their own, although it is somewhat more uncommon than hiring an Attorney or private company and obtaining one.
With a decent amount of time to call the lender and sit on hold and fill out documents that the bank will require for the modification, borrowers can negotiate directly. In many cases, it is simply a matter of calling the lender and requesting the documents to get started in the process.
In cases of a more complicated nature, such as those involving predatory lending or mistakes made in the origination of the loan, the bank may be more interested in covering up the wrongdoing and taking the home to foreclosure anyway. It is in these cases where having competent legal counsel can be more beneficial for debtors.
If you or someone you know if in a hardship and need someone you can trust to review your options, please call Tami Saner & Associates at (916) 417-6162.
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