Saturday, September 26, 2009

Loan Modification Lawyer's Do It Yourself Kit

We are proud to announce the first publication of our loan modification do it yourself kit. It is a e-book available in MS Word or Adobe Acrobat (pdf) format. The price for this book is $199 and is available for homeowners in any state. It is written by a real estate attorney who has been doing loan modifications in California throughout the foreclosure crisis.

This book was written to provide homeowners with some basic concepts surrounding mortgages, foreclosure, loan modification, and alternatives to foreclosure. It provides the tools necessary for homeowners to do their own loan modification. Despite some companies proclaiming they have a 99% success rate in loan modifications or saving your home, I can tell you that from my experience, there is no secret sauce that guarantees any specific result. You simply need to have the right information to provide to the lender to in the way they want to see it.

Here in California, many of the companies, law firm, or real estate licensees that were making all kinds of promises or guarantees of success are now out of business with some being investigated by the Federal Trade Commission, the State Bar, Attorney General, and FBI. With the passage of recent legislation in California, it has made it virtually impossible for our firm to assist homeowners in the process of loan modifications; therefore, I have written this guide to give you some insight into how the process works and how you can do it yourself.

Our firm will continue handling real estate and bankruptcy matters and also offer a consultation with a real estate attorney to go over your legal options, review your financial situation, and to come up with a strategy to accomplish the best foreclosure relief option. It includes a copy of the do it yourself kit and is for a flat fee of $500.

To order, you can order from

Monday, September 14, 2009

Loan Modification Money Back Guarantee, What If They Can't Pay You Back?

Many potential clients ask whether our firm guarantees certain results or gives a money back guarantee if a loan modification doesn't go through. We do not because we know that we provide the best legal representation we can to find and aggressively pursue the best legal option for our clients. Not everyone can get a loan modification and an attorney cannot force the lender to approve someone.

I was quite shocked to hear that a law firm in San Diego that offered a money back guarantee sent its clients a notice that they are now insolvent. The Alliance Law Center in San Diego sent letters to existing clients and posted the letter on their website:

So now people who paid thousands of dollars with a "money back guarantee" are being told that there is no money to even work on their case, much less give a refund. Never mind the contractual issues of their obligation to give the refund, what about their ethical duty as a licensed California attorney. Those fees were not earned and you cannot just close up shop and tell people to arrange to get their file back or hire another attorney.

Anyone who has been in this situation should contact the State Bar of California.

Chris Barsness, Esq.