Assuming the reader is here for mortgage modification or short sale research, take the advice of a non-vested expert in obtaining a beneficial, affordable mortgage modification. I guess I have a vested interest. Anything I write is likely to be viewed through the natural ‘sales-resistance’ lens.
Ordinarily I condense the articles I research for this blog in order to save time for the reader. I’ll do that here, as well as insert a few observations that Mandelman left out. But today
As of May, 2010, no attorney can do anything you can’t do yourself at least at the beginning. One way or another, you need to start with the REST Report. Five out of 4000 times it has gone to court – and won every time. But the other 3995 times, homeowners have gotten beneficial mortgage modifications without any need for legal counsel. The REST Report uses the bank’s own software. There is nowhere for the weasel mortgage servicer to run.
Mandelman hints at a forensic mortgage audit. I wish he had made it clearer. He almost pointed out that the banks, in their all-encompassing influencing of the general media, do not want any publicity on the successful mortgage modification attorneys. They only want to point out the ‘crooks’ and highly ineffectual free mortgage modification sites. As illegal and ill-advised as trial modifications are, they are also the least of a distressed homeowner’s considerations. After the modification becomes permanent (with the attorney’s supervision) a credit report can be rememdied with not-much effort.
Your lender is solely concerned with where their money is. If you don’t have it, they want their property back. They are glorified bill collectors with no social conscience. To expect any compassion from your lender is pure folly. The law exists to assist that you don’t lose your home if at all possible. Only an attorney is going to ensure your rights. Ignorance is no excuse to lose your home.
According to the California State Bar’s own numbers, over the last year they’ve taken action against fewer than two-dozen lawyers in a state with 206,000 plus attorneys. They also add that they are investigating hundreds of others. (Personally, I welcome and encourage any investigation.)
Mandelman draws an analogy illustration of facing your local District Attorney. Would you listen to them when they tell you that you don’t need legal representation? Too funny. Even funnier is Mandelman’s take on Officer Krupke in West Side Story.
The banks are responsible for stalling loan modifications, not the attorneys. Attorneys NEGOTIATE mortgage modifications along pre-determined guidelines that are legislated. It’s not your fault the economy tanked, it’s the banks’ fault. They need to be reminded of that with every file we negotiate. They forget. Often. Talk about a short memory.
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The internet being what it is, certain search terms need to be empahasized so that you can find the best information. The REST Report is best classified as loan modification software, or mortgage modification software. It’s claim to fame is that you use it to calculate Net Present Value exactly the way the banks do, using the same software. It is best used as a do it yourself loan modification or do it yourself mortgage modification. For some reason, loan modification 2010 and mortgage relief 2010 are popular search terms.
This YouTube video says it all. Go here: How to Get A Beneficial Loan Modification Now Please ‘Like’ the video, will you? That makes it easier for others to find.
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Originally posted 2010-02-02 22:26:46. Republished by Blog Post Promoter
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As we’re on | Mortgage-Mod-Monster | Why Get a Mortgage Modification Attorney? – ANYTHING BUT FORECLOSURE! |, On this primitive understanding of natural law, the citizen in contravention to the laws of his state, could attempt to excuse his actions through a justification of ‘immoral’ laws. This would also create a state of disorder, given the natural variation of personal opinions, which would ultimately render society unworkable. For this reason, the natural law scheme has failed to garner modern academic acceptance, of course with a few exceptions.
Yikes. I’ve approved and read your comment – three times. I hope someone understands a word you said.
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