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Should you go it alone – loan modification?


Interesting article here about the advisability of representing yourself when attempting to get a loan modification and avoid disclosure.  Admittedly, the author is in the loan modification business, but that doesn’t  negate what he has to say about the difficulty of the process.

For example:

The banks want you to work on the loan modification by yourself, so they can avoid dealing with a professional who knows the game. By all means, feel free to have a go at it if you wish. The truth is you are very likely to have a frustrating and unproductive experience. Look, banks lose money when they modify a loan—a lot of money. You just cannot expect them to make that process easy for you. What is going to happen is that the bank6 will “lose” your faxes, make you wait hours on the phone, require copious documentation, etc. And, ultimately, if you do not know the parameters and other criteria the bank is looking for, your request will either be denied or the bank will offer a modification that does not provide any real relief. In that case, you will have wasted a great deal of time and energy, you will still be vulnerable to losing the home and, worse still, you may have made it impossible for a professional to go behind you and clean up the mess.


  1. sumit

    July 4, 2009 @ 4:29 am


    Bankruptcy is a bigger problem for the general people. Because most of the time people get persecution from the bank, so it need more Responses to Interrogatories which give instance for this type of case and solve the problem uniquely.

  2. sumit

    July 4, 2009 @ 7:23 am


    Legalization article on web on bankruptcy is now a days at a great rhythm. Numerous supplementary innovative fields are just adding to it. So as the article depicts that lawyer are also very much fond of it. Reason is that Rules of Civil Procedure now a days is a great practice for the society.

  3. David Giacalone

    July 8, 2009 @ 9:13 am


    I’m a bit surprised that you’re giving this self-serving attempt to scare consumers into hiring a lawyer such prominence. This is the kind of “advice” lawyers and the Bar have been giving the public for years in an attempt to kill off Self Help law.

    Loan modification seems to be to be exactly the sort of transaction that most consumers can handle on their own — especially with a bit of Self Help information. At the very least, please add a link above to your prior post on Loan Modification Self Help resources — — and maybe seek more links, or spell out specific information on Loan Modification.

  4. TerryConaway

    July 13, 2009 @ 2:04 pm


    I think it is worth pointing out to people that doing their own legal work is not always as easy as they expect it to be. I frequently have pro se patrons come to the library expecting their problem to be something they can handle only to be quickly overwhelmed when they start reading. It would be nice if there were more clinics where they could go and get help at understanding what they’re reading, but as a librarian, I can’t explain, I can only help them find what they’re looking for.

  5. HomeLoanModification

    January 16, 2010 @ 5:18 pm


    Too many consumers are getting victimized twice. Once by their lender, then by a loan modification scammer, including attorneys. In Calif, for example, attorneys have been forced by the state to give their license to practice law in the State due to their loan modification practices. Details here:

    Homeowners are their best advocate. There are self-help tools available to educate homeowners on best-practices to get a favorable loan modification negotiated.

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