A lawyer could help you defend against a foreclosure if that happens. Doubtful that a lawyer will be able to help you get a modification. Moreover, be very suspicious of any company that wants money upfront to help you get a modification. Many are outright scams.
Legal Information is Not Legal Advice My answer provides information about the law based on the limited information provided in the questions asked and is not intended to provide legal advice or opinions, and does not constitute an attorney-client relationship. The answer to the question is for educational and informational purposes only. The law differs in each jurisdiction and may be interpreted or applied differently depending on the jurisdiction or situation. Accordingly, I highly recommend that you consult with an attorney to discuss the details of your problem so you can get legal advice tailored to your particular circumstances.
You may be entitled to a loan modification or, under the program announced yesterday by the federal government, even a reduction of principal. You should consult with a competent lawyer knowledgeable in this area; there are many legal services organizations and pro bono institutions which have very good lawyers. If you do not get good held, the bank will quite likely take you to the cleaners.
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