I am sorry the loan modification is causing trouble; unfortunately they often do.
You can contact the state bar to see if the law firm is in good standing; if they are, and they are in breach of their contract by failing to obtain a satisfactory loan modification program, they can be held liable. If they made any misrepresentations or otherwise did not follow the rules of professional conduct a complaint can be filed here:
Other complaints are located here:
fortunately the state bar does have a client recovery fund so if the defendant law firm is insolvent, the fund can pay out any damages. information on that fund is here:
and the rules of professional conduct are here:
http://rules.calbar.ca.gov/Rules/RulesofProfessionalConduct.aspx (It is best to review each rule to see if any were violated over the course of the relationship).
There has been a recent crack down on illegitimate loan modification scams as some companies make promises and then do not live up to them (misrepresentation, breach of contract, fraud in the inducement); more information can be read here:
If this appears to be the case, complaints can also be filed with the FTC
If the group files for bankruptcy then any refunds will generally be pennies on the dollar for paid for services; but that is where the client security fund can come in handy.
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Information provided is for educational purposes only. Consultation with a personal attorney is always recommended so your particular facts may be considered. Thank you and take care.