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Good afternoon. Most of them are not. Here's the way to tell. If their fee is based on performance...either only paid upon a modification closing or if paid early, placed in escrow with an independent third party to be released to you if the modification hasn't been accomplished within a specified period....then they are going to be legitimate. If they require you to pay them up front without your money being placed in escrow, then they are most likely not legitimate and you will have ended up paying for nothing.
I hope this has given you the guidance you were seeking. I wish you the best of luck!
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Thank goodness you haven't sent them any money. You have a good bit of leverage with your lender because you are in AZ. Under AZ, the lender cannot pursue you for any shortfall if you let the property go to foreclosure, and the lender does not want to foreclose because they don't want to own real estate, so play hardball with them and negotiate the modification with them yourself.
Good luck to you with this.
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