Its really unfortunate the way that the national media has so poorly shown the Loan Modification process due to the deeds of some very depraved and Scamming individuals.

Loan Modifications are still one of the good options for averting foreclosures, the only difference as opposed to when they were first gaining recognition is that now the public must go to further lengths to educate themselves on the Loan Modification and Foreclosure process in order to select the right representation. Awareness is key to avoiding the status of the many Homeowners who acted without educating themselves and became victims from the news daily.

In Loan Mod scenarios there are allot variables that can change the end result. I have actually gone through the process myself and unfortunately owned several properties which I could no longer afford due to both personal and professional hardships which took place simultaneously in my life sending me down a very hard road to travel. I still cant understand sometimes that after 20 years of perfect credit scores and not even one late payment, I somehow found myself in a real jam with horrible credit facing several foreclosures, and even the loss of my very own home.

Aside from a bad personal hardship, my professional career was a sparkling example of a Real Estate and Mortgage success story turned sour almost overnight. Once I was able to cope with my personal hardship I realized I needed to act fast if I wanted to at least save my own primary home of 5 years. After a couple failed short sale attempts I immediately seeked a job in the loan modification and foreclosure defense industry in hopes of finding an answer. I really didnt want to sell my home anyway, my greatest wish was to keep it. With a solid history of successful mortgage/real estate experience it was not long before I got the job I wanted.

My time working in the industry I gained a lot of knowledge. In my experience with the industry I can certainly say that personally I would only use a Licensed Attorney to handle anything regarding matters such as Loan Modifications, Loan Mediation, Loss Mitigation, and Foreclosure Defense.

Mortgage Loan Modifications are also referred to as Loan Mods. In some loan mod companies, an attorney can even fight for a change in your loan's principal balance. In any case, the loan modifications are to make it easier for you to make payments, so that the lender and the Homeowner can both come to an agreement. Although Mortgage Loan Modifications have gotten terrible press recently, if you Hire a Legal firm who specializes in Loan Modification & Foreclosure Defense you have much greater chances of quality service because they have to abide by the standards of their governing Bar association.

If your family decides that you want to pursue a loan modification or Foreclosure Defense law office in order to keep your home, you need to understand a few things that can keep you from scams that can lead to the loss of your home. Some people are using the hope and fears of families in need of loan mods services to feed their greed and fill their pockets.

You really have to be careful when fighting a foreclosure by being selective on the Law Firm you choose to represent you. Make sure you get all their credentials and they are a licensed member of the Bar Association in your state.

It can not be stressed enough make sure the attorney handles Foreclosure Defense and Loan Modification. You want someone who specializes in this day in and day out, a Firm who really knows how to negotiate with the banks and how to get you a true reduction. Don't hire a ticket lawyer to do your loan modification. Remember this is your home we are talking about, it is the single most important tangible asset you can own in your life because it is the one the one that gives you shelter at night and keeps your family safe!

Make sure that you are dealing with skilled legal council who have supporting staff with mortgage industry backgrounds. Check them out on the web for bad press and look at your local state bar association website to make sure they and their are in good standing.

Remember Loan Modifications can be a really good option for keeping your house as long as you select the right Law Office to get you to the best results.

Here are some tips below:

scam foreclosure help organizations might promise to take care of your problem with your mortgage lender or to obtain refinancing for you. Sometimes they also ask you to make mortgage payments directly to their company.

These scammer's have even been known to ask the homeowner to hand over the property deed, claiming that if the owner then makes the mortgage payments to them, they will be able to in stay in their home. Instead of contacting your lender or refinancing your loan, the con artist pockets all the money you paid, and then files a bankruptcy case in your name - sometimes without you knowing.

A bankruptcy filing often stops a home foreclosure, but only for a bit. If a bankruptcy is filed in your name but you do not go to the case, the judge will drop the case and the foreclosure proceedings will continue. If this happens, you will lose the money you paid to the scammer operator - you could lose your house. You will also have a bankruptcy listed on your credit record for 10 years.

Avoid loan modification companies that call themselves attorney based or backed. A loan modification attorney should be the one doing a loan modification and being backed by one is usually just a play on words to make you feel better.

If refinancing is underway, never sign any document that you can not fully comprehend. And always make it a point to have all the concessions or agreements in writing.

Your main focus right now should be to avoid losing your home to foreclosure. Such an event can seriously damage your credit rating and your capacity to borrow money later on. This is why it is important for you to qualify for a loan modification. You can go about your application on your own. But it is important that you know what you are doing.

Nevertheless, you can always consult with any loan modification attorney. These firms often provide consultations that are free of charge. And most, if not all, of these firms are legitimate and can provide you with a good service that you deserve. In fact, if you want a smooth sailing application, you need the services of licensed professionals that are trained and experienced in loan modification.