In an almost crazy move, California has enacted a new law where lawyers who work on loan modifications cannot receive any money until the work is complete.

Now, don't get me wrong, I have many clients who were previously swindled by a loan modification company who inaccurately made promises of grandeur in their success in getting a modification. Yet, lets look at it another way. Why would an attorney want to trust that their client will eventually pay them when they are in default on their current obligations to make payments before they have even met the lawyer.

To read a NY Times article on the topic, click here.

My opinion is that instead of preventing borrowers from receiving legal help, our society may want to make lawyers more readily available with public funding and public oversight of ethics. Now, that would solve the problem of lawyers making themselves into liars while also providing access to reputable attorneys who can actually help clients save their homes.

Often the people on the front lines for the banks inaccurately address your situation under the MHA guidelines. Click here to escalate your case to get answers and results.

Clients often inquire if they should get a modification or file for bankruptcy. The answer is to do both. Click here to read a great article that will answer many of your questions in what is often a very scary time.