It's amazing what good it does when you have an attorney contact your lender on your behalf!
So not only will this help you but your bank is benefiting as well. Most of our clients end up with better rates than good credit homeowners!
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Foreclosing your home is actually the banks last alternative. They do not want your home. Most Lenders' Loss Mitigation departments' are not large enough to accommodate all of the homeowners efforts to resolve the matter. This is one of the reasons they will allow a 3rd party to step in and do most of the work to get the modification done. Do you think they are unaware that a lot of bad decisions were made and banks are collapsing all around them? The only way these banks will keep their doors open is if they don't have to face a bunch of foreclosures.
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