Attorneys are the only persons licensed to represent you in court. Loan modifications
are not court proceedings and may be negotiated whether or not you are in foreclosure.
If you are in foreclosure, an attorney may be necessary for the foreclosure and may handle
negotiations for loan modification and short sales as well. If you are not yet in foreclosure,
you or others may negotiate. Credit counselors, mortgage brokers, non-profit organizations
and others can assist with loan modifications. These organizations can be very helpful, but
do not rely upon them to protect you in a foreclosure lawsuit. You must retain an attorney
or act as your own attorney to protect you if a foreclosure lawsuit is filed. You should also be
careful that any people or organizations assisting with a loan modification are properly licensed.