tag:blogger.com,1999:blog-8843834274861227526.post462695512519653616..comments2023-10-31T03:25:37.855-07:00Comments on Green Law: New Bill Prevents Attorneys From Taking Upfront Fees for Loan ModificationsJohn Corcoranhttp://www.blogger.com/profile/00364319532614937854noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8843834274861227526.post-88983242238584253462009-09-25T14:56:47.271-07:002009-09-25T14:56:47.271-07:00The banking industry seems to have gotten its way....The banking industry seems to have gotten its way... convinced the politicians that borrowers do not need help... just call the lender and that lender that screwed you over the first time will now help you... no matter that the lender is getting billions to stay afloat... and no sctrings attached to thos billions... no matter that the actual stats on lenders modifying mortgages are dismal at best.<br /><br />I love the arument that attorneys take contingent fees so why not in this area as weel... a contingent fee comes from a percentage of the WINNINGS... winnings taken from the OPPOSING PARTY... in a loan mod there are no WINNINGS... the money will come from the CLIENT who is not an opposing party... well at least not until client refuses to pay... then it's Attorney versus Client over the fee.<br /><br />Sheesh.<br /><br />- Paul J. Molinaro, Esq.Fransen and Molinarohttps://www.blogger.com/profile/03546390006415946742noreply@blogger.com