We often talk to people who are interested in a loan modification and usually at some point, they ask the question:
Do I really need to get a lawyer involved with my loan modification?
My standard answer is “well, try to get your loan modified on your own with your current lender, but if they won’t modify your loan and you are in a situation where you can’t afford your mortgage, then it is probably time to hire a lawyer.
Last night, Paul from Kingsley Law left a comment on one of our loan modification posts about one thing that I wasn’t even aware of (remember, I am no loan modification expert):
Do you really need a lawyer when trying to get a loan modification done?
I guess it depends on how much you know about the ins and outs of loan modification and what can and can’t be done.