Home Loan Modifications Negotiated by Licensed Attorneys. Real Estate & Mortgage Laws and Guidelines are Complex. Beware of the Banks Loss Mitigation Department. Go To realestatemarketingthisweek.com Part 2 (Excerpt) Loan modification pitfalls when dealing directly with the bank So I have seen all kinds of things on the internet about how you can pay 5 and you can learn how to be a loan modification expert overnight. Well I can tell you after having worked with attorneys for 20 years that you are not going to know the laws, like the attorneys do, you are not going to have the negotiating skills, like the attorneys do, just by reading a book and filling out a couple of pieces of paper. That does not make you a loan modification expert. And then the important thing to point out here is even though we joke around here, Dan, Arizona is known as the wild, wild, west, there is no restriction in this state, at this time, for the loan modification industry. For people that are jumping in, for people who are trying to do it on their own, in their spare bedroom, or their old office in their homes, and nothing could be the scarier thing for a home owner. You need legal representation; you dont want to pay anyone who is not a licensed entity or a member of the bar. That is what we do, we work with a national network of attorneys that work in all 50 states. They are experts and have done thousands of these over the last 16 years and that is why we aligned ourselves with them and …
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