The short answer is that you should involve an experienced attorney in every attempt to negotiate a different arrangement with your lender, from the very beginning of your negotiations. Regardless of what is happening in the economy, lenders do not want to alter the terms of their agreement with you. They do not want to forbear, modify, accept a short sale, or do anything other than continue to receive the payments on your loan. They will generally fight hard to keep the status quo.
Lenders have attorneys and professional negotiators that work at every level of their organization. It is their job to get the best deal for the bank. They are not in the business of helping you. If you want to negotiate a different situation with your bank, you’d better come with equal fire power. In other words, you need professional advice and help.
It’s also important to get us involved early because there are many options and strategies to employ. Without a comprehensive plan, you may not get everything you set out to achieve. We can sit down with you ahead of time and formulate a plan that will increase your odds of success. This holistic way of approaching your situation is much better that haphazardly trying different ways of negotiating with your bank.
Contact us today and set up a free consultation to discuss your situation and formulate a plan of action. Click the link below to begin the process:To set up a free consultation, click here.