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According to Howard Miller http://www.stlouisbluesteamstore.com/adidas-klim-kostin-jersey , 2009 president of the California State Bar, "Lawyers can be and have been very helpful in many [California loan modification] cases.? Miller states that attorneys can assist borrowers comprehend their legal rights, negotiate with their bank, complete the correct documentation for a loan modification and even avoid a foreclosure sale.

?We agree with Mr. Miller. Homeowners needing a loan modification here in California should contemplate using the services of an attorney? says Dave Gerlt a Partner with the Law Offices of Edwards and Gerlt. Edwards and Gerlt are licensed California real estate attorneys who are experienced at helping financially challenged homeowners get loan modification agreements in California.

Gerlt continues, ?Of course http://www.stlouisbluesteamstore.com/adidas-joel-edmundson-jersey , lenders, like any business, are under pressure to increase their profitability. It is not their business plan to put borrowers? concerns above their own financial interests. So an inexperienced homeowner is unlikely to get the best available loan modification terms that are available from the bank.?

It should be noted that homeowners can directly negotiate California loan modification agreements with their lenders without any assistance. Banks want inexperienced, na?ve homeowners to call them and try to modify their own loan. That way, the banks can minimize their losses by making ?take it or leave it? offers. The homeowners may not realize that they can negotiate with the bank http://www.stlouisbluesteamstore.com/adidas-joe-mullen-jersey , and even if they do, how to make a strong counter offer.

Homeowners who have the time to constantly follow up with the lender for several months as needed, understand the qualifying ratios and required documentation for a loan modification agreement, comprehend the fine print of their mortgage agreement, and are not intimidated by negotiating with a team of bank attorneys http://www.stlouisbluesteamstore.com/adidas-jay-bouwmeester-jersey , should do it themselves.?

However, homeowners who lack this comprehensive skill set, may want to discuss their options with an experienced lawyer. ?By retaining the services of an loan modification attorney, homeowners may be leveling the playing field with the financial institutions.?

Borrowers should also be aware that there are free loan modification services available from agencies approved by the U.S. Department of Housing and Urban Development, or HUD.

?These nonprofits may make sense for some homeowners. However http://www.stlouisbluesteamstore.com/adidas-jake-allen-jersey , like any free service they will be very busy, especially in the current economic environment. It may be difficult to get the attention necessary to complete a successful loan modification. We pride ourselves on quickly assessing our clients? needs and moving the ball forward, because every client is very important to us.?

?As loan modification lawyers we are not intimidated by banks or their attorneys. A very small percentage point reduction on interest rate can mean a savings of tens of thousands of dollars over the life of the loan. So chances are, homeowners can benefit significantly from the help of an attorney,? concludes Gerlt.

For more information on California loan modification agreements http://www.stlouisbluesteamstore.com/adidas-jaden-schwartz-jersey , Dave Gerlt can be reached at 877-701-6637 or go to http:www.aboutcalifornialoanmodification

[Footnote: ?Can an Attorney Help Loan Modification?? by Marcie Geffner with Bankrate