Has anyone ever used an atty to modify your mortgage? My friend who is in a similar situation as me just got hers modified and she is paying half of what she was before. This guy was recommended to her by someone else as well. I talked to the guy yesterday and the fee is $3000 and he says you have to stop paying your mortgage payments while in modification! That scares me to death. I guess you can bank the money and if it didn't go through you can make the payment. I called my mortgage broker to ask and while he didn't say not to do it, he said he thought I had an 80/20 shot of it working. He said it was customary during this process to not make your payments as the mortgage company will look at your more if you are behind. Its a gamble...just one that terrifies me.
Just wondering if anyone else has heard of this?
Me: 46 FWS: 36 Married and Divorced 4/07, Pregnant 7/07,False R 7/07 Baby Girl born 3/08 Kicked him out because OW: 7/08 5/10 He realized what he had and lost. Moved home! REMARRIED 3/14/11!!
