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Go Back   Free Foreclosure Help - Loan Modification Help - Help Stop Forec > Loss Mitigation Discussion to Stop Foreclosure > Real Estate Newbie

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Old 08-14-2008, 01:23 AM
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Default Can any kind of lawyer charge up front fees for

loss mitigation services? I ask b/c the CA statute states that "A person licensed to practice law in this state when the person renders service in the course of his or her practice as an attorney at law" is exempt from the foreclosure consultant statutes. Does this apply to loss mitigation companies that hire an in house attorney? If the company has an attorney can they charge advanced fees or does it have to be an attorney working through his/her law firm?To clarify, I have been told by NUMEROUS attorneys that if an attorney is in house counsel for a loss mitigation company and they attorney represents the company's clients in the loss mitigation, it is an ethical violation. That as an attorney, loss mitigation can only be done through that attorney's law firm -- not the loss mitigation business itself. I want to know if this is true. I hope that helps to clarify my question.
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Old 08-14-2008, 03:53 AM
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I'm a lawyer and I don't understand your question. A loss mitigation firm can put a lawyer on payroll and pay a salary or retain a lawyer in private practice and pay a flat fee or an hourly rate.I have no idea whether this answers your question.
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