One of the biggest reasons we find people go to a third party is because homeowners find their lender an intimidating force that often strong arms them into accepting a deal that’s not good enough.
Mortgage servicing companies have often been criticized for trying to do too little for their customers. It shows in some of the results they grant in loan modification cases. The problem is that as an individual homeowner, you don’t necessarily know that what they present to you could be better.
You also feel like you don’t have any power to negotiate and in a lot of cases, you don’t.
Take for example, the following quote in a recent article on San Diego’s 10news.com.
“You’re willing to take whatever they offer you because you don’t feel like you can haggle with them,” she said.
A third party company is doing this day in and day out. This makes it much easier to decipher good modification offerings from the bad. If a negotiator gets a result they think can be better, they’re going to do everything they can to get it. Your legal representation won’t back down until they’re satisfied that your lender is doing everything they can to make your situation better.
Of course, you are welcome to try this on your own. Just have a backup plan and consider securing representation.
If you feel like you’ve taken it as far as possible and can’t do anything more, we have applications on this site that allows you to get started with a loss mitigation firm.
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