questions & answers
Question: Can a homeowner successfully negotiate a loan remodification with its lender or should they consult an attorney?
Answer: The answer to this question depends on the lender. It is always a good idea to talk with a lawyer about your situation, discuss your options, and plan for the future. That said, and putting aside any claims you might assert against your lender (such as under the Truth in Lending Act), it makes sense to attempt to negotiate with your lender yourself. Other than perhaps expertise in negotiating, I am not sure lawyer adds much. I would suggest perhaps enlisting the aid of a real estate agent who specializes in short sales to aid in your negotiations.
Can a homeowner successfully negotiate a loan remodification with its lender or should they consult an attorney?
- Let us know how we are doing! Please take a couple of minutes to fill out our survey.
- Please select your county of residence below.
State Bar of Arizona
Maricopa County Bar
Referral number 602-257-4434
Pima County Bar
Referral number 520-623-4625
National Domestic Violence Hotline
Bankruptcy Court Self Help Center
Certified Legal Document Preparer Program