1.  You will be represented by competent legal counsel fighting for your rights and interests against your lender.  Why would you consider negotiating directly with a bank and huge staff of attorneys by yourself?  First, the bank is much more experienced in these matters.  Second, the bank is only going to represent their interests and give you the worst deal possible, period.  

2.  Your Loan Modification Request is too important to try to do by yourself.  The stakes are too high for you to get cheap on something so important.  This transaction may determine you and your family’s financial well being for years to come determining issues such as:

·         where will you live? 

·         how much is your monthly mortgage payment going to be? 

·         how much cash can you save over the next several years? 

·         where will my kids be going to school?, etc. 

You can negotiate buying a car, a washing machine, or flat-screen TV by yourself, but do not negotiate the biggest debt of your life on your own.  The stakes are just too high and there may be others depending on your decision making process here.   

3.  You will get the best result if you use Goldman Chase Law LLC.  We use our underwriting and legal expertise to prepare your financial package in a way that it makes sense for the lender to give you the best relief possible.  If you try this yourself, you have a very high chance of your loan modification being denied.  Even if the bank does approve a particular modification, it will probably not be the best deal you could have received.  Very simply, without competent legal representation, your lender will give you the worst possible deal.   

4.  You only get one chance to request an Obama Loan Modification.  If you submit an incorrect application, you may be denied and lose your only real chance to obtain payment relief.  If this happened, you could probably categorize your decision to do this by yourself as one of the biggest mistakes you made in your life.    

Do you really want to risk losing major mortgage payment relief which can equate to tens if not hundreds of thousands of dollars of savings over the life of the loan for a small investment of a few thousand dollars?  Your lender is obligated to consider your Obama Loan Modification Request the first time you submit it.  If your lender denies the modification request, your lender is no obligation to consider your request again. 

5.  The most important reason to use GCL is that it makes financial sense and there is very little risk.  We will provide a free consultation to determine whether you may qualify or not.  We are professional and friendly and make the process convenient for you.  We are only interested in helping homeowners who are good candidates.  We are not interested in collecting any fees from anyone we deem is not a good candidate because it just wastes your time and ours.  If we pre-qualify you, then we will collect a $500 non-refundable fee and all of your required documents.   Upon approval of the loan modification, we will collect the remainder of our fee.  If you do not get approved, you will not be charged anything additional.   

Final points:

Remember, you will be negotiating one of the most important transactions of your life.  Statistics show that people who try to do loan modifications themselves fail over 60% of the time.  Two things happen.  One, they do not obtain the loan modification because they filled out documents thinking they know what the lender wanted to see and they were wrong.  Two, they got the loan modification but it was such a bad deal they could not afford the new payments. 

 
An example to think about.  If you are going on trial for a DUI, will you hire a good criminal lawyer to defend you or would you try to defend yourself or use a public defender?  If you had a choice you would most likely hire a good lawyer because you need your driver’s license.  Now if you have absolutely no money or no one to borrow from, then of course you would go with the public defender.  In this case, it’s very similar.  If you have no choice, then go ahead and use a non-profit agency to help you because as we advise, you should not do this yourself.  Non-profits are great people but they are so overwhelmed with requests that they cannot spend the time we do analyzing and preparing your financial package and provide you the high-level service we do.  As of June 2009, there were only 100 HUD Certified housing counselor in the state of Illinois.  In 2009, there are projected to be 35,000 in the City of Chicago alone.  You do the math.