Three questions to ask before hiring someone to help you with your loan modification application

Question 1: Are you a lawyer?

There are actually strict rules on what people are allowed to charge for help with loan modification applications. The first rule is that if the person helping you is not a lawyer, they are not allowed to charge you any money up front.

Question 2: Are you licensed to practice in my state?

Lawyers can charge money up front as long as they hold it as a retainer and as long as they are licensed in your state. Most lawyers charge thousands of dollars up front.

At Remodo, we don’t charge large fees up front - we don’t think people should have to pay a lot to get help. Our average base fee is only around 1/3 - 1/2 of what most foreclosure defense attorneys charge. You can book a free consultation with us or send us an email to learn more.

Question 3: Who will actually put my loan modification application together?

At Resmodo, we will assign a designated staff person to work with you on your application, but all loan modification applications are overseen by a licensed attorney who is a part of your team and who will communicate with you in addition to your assigned team member. If you are hiring an expensive attorney, make sure he or she will have an active role before handing over your hard-earned money.

Bonus tip:

You should also know that if you received a notice of default from your bank (such as a letter that says “YOU MAY BE AT RISK OF FORECLOSURE. PLEASE READ THE FOLLOWING NOTICE CAREFULLY”), there should also be a list of low-cost or free housing counselors in that letter.

You can email us or book an appointment for a free 15-minute loan modification consult to learn more.