Company Recommended To Help With Mortgage Workouts

People facing foreclosure occasionally asks me whether they should hire an attorney or a nonlegal company to help them negotiate mortgage modification. I explain that most attorneys, including myself, do not do that type of work and that negotiating a mortgage settlement is primarily not a legal matter. I also tell them that most clients report that hiring a private company to assist with mortgage workouts is not worth the money charged; most firms charge a significant fee up front. For the first time last week I spoke with bankruptcy clients who have a very favorable experience working with a company that assisted them with a mortgage workout.

These clients had hired a company based in California called Access Loss Mitigation Company. They said the company successfully renegotiated a short sale of a property for which they were delinquent in mortgage payments. Access Loss Mitigation does not charge any up-front fees. They are, according to my clients, charges part of the real estate commission paid in the short sale. The clients said the company was responsive and actively involved in trying to solve their mortgage  problem through either a short sale or a renegotiation of payment terms.

I have no personal experience with Access Loss Mitigation. I am not personally recommending this company . I am passing on other peoples’ experience with the hope that other people have a similarly positive experience and are able to get  get professional help solving mortgage problems without having to seek legal help.