by Stephen Hachey, Esq
[Ed. Note: The following is a guest post published at the request of the author. We have not met Mr. Hachey but welcome the occasional guest post if on topic. Attorney Hachey practices in Florida.]
With so many programs in place to help homeowners avoid foreclosures and keep their homes, it can be difficult to figure out who is legitimate and who is harboring less than honest intentions. If you are trying to get a modification on your home loan or looking for a way to avoid or manage a looming foreclosure, make sure you take some time to evaluate a company before jumping into a business deal. Dealing with a potential foreclosure can be emotional and challenging, so find a company that is available to meet your needs and work with your lender on your behalf. If you aren’t sure whether to trust a company, call the Attorney General and find out if there are any complaints on file.
One of the first questions you should ask is whether the foreclosure modification company expects any money up front. If the company wants you to pay them before any work is done, you might want to reconsider doing business. You should also be skeptical of any company that promises you they can save your home. That decision will ultimately be the bank’s call. If the foreclosure modification company promises they can get you a lower interest rate or a lower monthly payment, you should also be suspicious. A good foreclosure modification company will evaluate your current situation and offer you options for how to modify your mortgage and save your home. They should not charge any fees up front and they cannot make promises that they will not be able to follow through on. If you have additional questions about this process, Stephen K. Hachey, a Florida real estate attorney, can help. Contact our offices at 866-200-4646.
This article is for general informational purposes only and does not establish an attorney-client relationship. Please contact a licensed attorney in your state of residence. For more information on our services, please visit our website at floridarealestatelawyer.org.