Originally Posted by Floridalawman

This lawyer wont take anything but this monthly fee, I suppose I could find another lawyer who would do this on a retainer but I think (maybe foolishly) that I would feel more comfortable knowing I am not the only one with something to gain by this being prolonged as long as possible. Obviously they want a piece of the action they created. My mortgage payment without taxes was 2100 per month. So they charge 1/2 of what the payment was and that is thier monthly fee. Everyone is a winner except the bank. Its almost reassuring because seeing this as thier motivation tells me that is must work.

They must be making a fortune with this. If I sign this paper, He is making a killing and I am too, because I am saving 50% of the amount of my payment They claim they that this ties up the mortgage until its settled which could be years and when its settled, it is settled for less than originally owed, which they take a cut of too. So they split the savings from not making mortgage payments and for any favorable settlement with the customer.