Negative equity buyout

Hi,
I'm upside down in my mortgage by over $100K, but not in danger of foreclosure. However, I'd like to refi but can't due to the fact that I'm under water. Yesterday, I get a letter in the mail from a company call uFirst Direct who work mortage mods. Now I know I don't qualify for a modification as I'm not in hardship, but after talking to them they said they could possibly work a neg equity buyout where I'd pay the lender a persentage (5% to 15%) of the neg equity balance and they would then reset my mortage balance to what the property is now worth. This is through an attorney who charges $4000 up front. This all sounds to good to be true especially with having to pay money up front. Does this sound like a scam or is a neg equity buyout a legit program?


Thanks,
Todd

This is an Irish website, not many on here will know.

But just from reading your post, a company will buy your negative equity for a 5-15% cash payment of said negative equity, too good to be true.....