Mortgage Modifications Scaring Away Lawyers
Read Full Story
Saving your home from foreclosure
with a mortgage modification
has gotten much harder in California in recent months. The reason is a law passed by the State Legislature in September 2009 prohibiting lawyers from collecting any fees related to mortgage modifications
from clients until the related work is finished. The law was written to prevent unscrupulous mortgage modification firms from demanding large upfront fees and then not delivering on their claims. Now many lawyers in California are hesitant to accept mortgage modification cases that may drag on for months or years without any remunerative payoff. As a result, California homeowners are have a tough time finding attorneys to represent their interests in court.