Home First is an industry recognized loan modification and short sale negotiations consulting firm and they are more than happy to help you with any questions you might have in regards to your Loan Modification.
- Should I hire an attorney?
Attorneys are definitely necessary to sue somebody, or to defend you against a criminal accusation. The majority of the lawyers who are trying to get involved right now are banking on the assumption that people believe there is some super power that comes with your law degree. Weve heard countless stories about files being thrown into the legal file by the underwriters at the bank when an attorney calls in with a sanctimonious or bellicose tone (the legal file is usually an eighteen inch high metal cylinder with one circular opening at the top). Many people inside the legal profession and outside of it have commented that loan modifications are the latest ambulance to chase. Lawyers are allowed to charge all of their fees up front, and those fees are not contingent upon result. There are some lawyers out there who are having success for their clients, but typically, the lawyers who are successful are taking the same business based approach we do.
- Will a modification effect my credit?
The modification itself has no credit implications. However, most people who are in financial distress are already behind on their mortgage payment, and that delinquency, if reported, will have a negative impact on your credit profile.
To read our former blogs please click on Home First, Inc – What is Loan Modification and Why is it Important?, Home First, Inc – Loan Modifications Questions – Tutorial 1, Home First, Inc – Loan Modification Questions – Tutorial 2, Home First, Inc – Loan Modification Questions – Tutorial 3, Home First, Inc – Loan Modification Questions – Tutorial 4 and Home First, Inc – Loan Modification Questions – Tutorial 5. ')}