The Lawyer Myth

Do you need a "Lawyer" in order to get your loan modified? The answer is NO! California Law which is the only state I can cite requires "licensed" real estate professionals to have a DRE (Department of Real Estate) approved contract in order to charge upfront fees. If you are unlicensed, which you don not need to be in order to perform loan modifications, this does not apply.
Do you know who can charge upfront fees? Lawyers, they are called retainer fees and it's a loop hole allowing "lawyers" to charge upfront fees for loan modifications. "Lawyers" do nothing more than any other person licensed could or not could do for you. They do not tear through loan documents looking for discrepancies saving you from foreclosure. They give it to the same minimum wage employee to make the calls, fax the paperwork and oversee the process that anyone else performing loan modifications does. They do however charge more for the service and always, no one can guarantee results, not even a "Lawyer."
My recommendation is to either do it yourself or find someone cheaper... No one, including yourself, works for free so you will be charged. Having said that, try it yourself first, I offer a good program here on my blog that will walk you through it, step by step. You do not need to pay a "Lawyer" 1000's upon 1000's of dollars for something you can do on your own or find someone reputable that can perform the service at a fraction of the cost.
I hope this clarified the loan modification process a bit more and look form more ideas, tutorials and information in future blogs and videos.