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Foreclosure Defense and Loan Modification Blog

Successful Loan Modification Roundup Week of 7/28

Posted by Maxwell Swinney

Friday, July 29, 2016

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners, here are a few of their stories.

Every week we obtain loan modifications for our clients with a variety of loan servicers. You can see these results as they are announced on Twitter (#loanmodwow) or Facebook. Here are some of the results from this week, which includes results from Caliber, SPS, and others: 

21st Mortgage

Our client was in foreclosure and 14 months past due to 21st Mortgage. We got them a fresh start with a final loan modification and a low fixed interest rate!

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Topics: loan modification, successful loan modifications, ocwen loan modification, loan modification success, sps loan modification, caliber loan modification, asc loan modification

Behind on Your Mortgage? How about Getting a Free House?

Posted by Maxwell Swinney

Wednesday, July 27, 2016

Many homeowners have lost wages or experienced some hardship or hardships that caused them to fall behind on their mortgage payments. They're in desperate need of a solution before they're foreclosed on. Searching for any hope in a sea of despondence, they wonder if there's a way they could get their house for free.

These homeowners want to know if there's any way their house could be given to them as a form of retributive justice for all the illegal and unethical things their bank has done. There certainly doesn't seem to be a shortage of that. We've all heard the stories about predatory lending, robo-signing, and fraudulent foreclosure. Could that somehow be cause for a free house?

No. You won't get your home for free because of any bad behavior by the bank.

However, there is a technicality that could allow a homeowner to get their home for free.

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Topics: loan modification, loan modification help

Can You Go on Vacation If You're in Foreclosure?

Posted by Maxwell Swinney

Monday, July 25, 2016

Even under the best circumstances, everyone needs a vacation to get away from the grind of regular life, recharge their batteries, and spend some quality time with their loved ones. If you're behind on your mortgage or in foreclosure, you could probably use a stress-relieving vacation even more.

But is it appropriate to go on a vacation when you aren't paying your mortgage?

It depends on your particular circumstances, and what kind of money you're going to spend on your trip.

People generally don't stop paying their mortgage unless something went seriously wrong with their finances and/or life. We hear their stories all the time, and they're often tragic. Loss of income, cancer, divorce, and enormous debt burdens are all common for people who default on their mortgage. Nothing good causes a person to stop paying their mortgage.

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Topics: loan modification, foreclosure, personal finance

New FHFA Report Gives Details On Principal Reduction Modification Program

Posted by Maxwell Swinney

Saturday, July 23, 2016

In April of 2016 the FHFA (Federal Housing Finance Authority) announced that it would be offering a one-time principal reduction modification program for eligible borrowers with loans owned or guaranteed by Fannie Mae or Freddie Mac.

To be eligible for the program, FHFA said that the borrower must occupy the property and be 90 or more days delinquent as of March 1, 2016. The mark-to-market loan-to-value ratio must be 115% or greater, and the unpaid principal balance must be $250,000 or less.

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Topics: loan modification, principal reduction, FHFA

Successful Loan Modification Roundup Week of 7/22

Posted by Maxwell Swinney

Friday, July 22, 2016

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners, here are a few of their stories.

Every week we obtain loan modifications for our clients with a variety of loan servicers. You can see these results as they are announced on Twitter or Facebook. Here are some of the results from this week, which includes results from Ocwen, Bank of America and others:

Carrington

Our client was in foreclosure, 11 months and $18K past due with Carrington, but we got them a trial modification with a $208 cheaper payment and a fresh start!

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Topics: bank of america loan modification, loan modification, successful loan modifications, ocwen loan modification, loan modification success, principal reduction, carrington loan modification

New Foreclosure Laws In New York To Prevent Foreclosure, Kill Zombies

Posted by Maxwell Swinney

Monday, July 18, 2016

New York Governor Andrew Cuomo recently signed legislation intended to prevent foreclosures and reduce the harm done by zombie properties in the Empire State.

Homeowners in New York already have some advantages that people in some other states don't. New York is a judicial foreclosure state, which means the bank has to go through the courts to foreclose on your home. That takes longer and affords homeowners more time to find a resolution. 

Also, settlement conferences, which are a mediation between you and your lender, are mandatory for most foreclosure cases in New York. The purpose of the conference is for you and your bank to meet in person and come to some agreement that doesn't involve foreclosure.

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Topics: loan modification, new york foreclosure attorney, housing market, zombie foreclosure

Successful Loan Modification Roundup Week of 7/15

Posted by Maxwell Swinney

Friday, July 15, 2016

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners, here are a few of their stories.

Every week we obtain loan modifications for our clients with a variety of loan servicers. You can see these results as they are announced on Twitter or Facebook. Here are some of the results from this week, which includes results from Ocwen, Seterus, and others:

Ocwen

Our client was behind on their $1,654/month payment to Ocwen, we got them a HAMP II trial loan modification with a $732 cheaper payment! 

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Topics: loan modification, successful loan modifications, ocwen loan modification, loan modification success, sps loan modification

Homeowner's Property Saved From Foreclosure Sale at Last Minute

Posted by Maxwell Swinney

Thursday, July 14, 2016

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners, here is one of their stories.

In January of 2016 we were hired by a Florida homeowner to help him avoid becoming a former homeowner. Let's call him Mr. Cohen to protect his privacy. Mr. Cohen definitely needed the help of an experienced foreclosure defense attorney. After falling behind on his mortgage his home was scheduled to be sold at a foreclosure auction on April 13th, so we immediately got to work to stop the sale and find a permanent solution.

Applying For a Loan Modification

We rushed to submit a Request for Modification Assistance (RMA) to Rushmore Servicing, Mr. Cohen's loan servicer, that would permanently modify his mortgage loan and return it to normal servicing if accepted.

Canceling the Foreclosure Sale

As the April sale date approached the RMA had not been reviewed by the bank, so we filed a motion with the court to cancel the foreclosure sale. The motion was granted and the April sale date was canceled and rescheduled for June 14.

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Topics: loan modification, foreclosure defense, loan modification success

Foreclosure Down in May 2016, New Jersey Worst in Country

Posted by Maxwell Swinney

Tuesday, July 12, 2016

U.S. foreclosure filings were slightly lower in May of 2016 compared to April, according to real estate data company RealtyTrac. There were 100,841 properties with foreclosure filings in May, which is a 21 percent drop from May of 2015. The decrease in foreclosure activity in May is the eighth month in a row with a decrease compared to the same month a year ago.

New Jersey Number One In Country For Foreclosures

New Jersey leads the nation with the highest foreclosure rate of any state. In the Garden State one in every 559 housing units had a foreclosure filing. Maryland was next with one in every 693, followed by Delaware with one in every 716, Florida with one in every 738, and Nevada with one in every 851.

Among the metropolitan areas with at least 200,000 residents, areas in New Jersey take the top two spots for the worst foreclosure rates in the country. In Atlantic City one in every 448 housing units had a foreclosure filing. In Trenton, New Jersey, it's one in 446.

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Topics: foreclosure defense, housing market, news

Successful Loan Modification Roundup Week of 7/8

Posted by Maxwell Swinney

Friday, July 8, 2016

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners.


 

Every week we obtain loan modifications for our clients with a variety of loan servicers. You can see these results as they are announced on Twitter or Facebook. Here are some of the results from this week, which includes results from Wells Fargo and others:

 

Wells Fargo Loan Modification Success

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Topics: wells fargo loan modification, loan modification, successful loan modifications, loan modification success

You Could Be In Foreclosure And Not Even Know It

Posted by Maxwell Swinney

Tuesday, July 5, 2016

Many homeowners find that something strange happens when they stop paying their mortgage: nothing much. After missing payments they get letters from their bank telling them that they have to pay up or else lose their home. They don't pay because they can't, but still nothing happens for a long time.

Some homeowners go many years without making a payment, falling behind by tens or hundreds of thousands of dollars, and yet their house isn't sold at a foreclosure auction, the sheriff doesn't tell them to vacate the premises, and they're not thrown to the curb. Sometimes the collections calls even stop!

However, just because nothing seems to happen doesn't mean that the gears of foreclosure aren't turning or that the bank forgot that your loan isn't performing for them. Rest assured that they haven't forgotten about you and the money you owe them.

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Topics: new jersey foreclosure process, foreclosure process in new york, loan modification, florida foreclosure process, loan modification help, foreclosure

Successful Loan Modification Roundup Week of 7/1

Posted by Maxwell Swinney

Friday, July 1, 2016

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners.

Every week we obtain loan modifications for our clients with a variety of loan servicers. You can see these results as they are announced on Twitter or Facebook. Here are some of the results from this week including results from Citi, Wells Fargo, HSBC, Greentree, Ocwen, SPS and others:

Read More

Topics: successful loan modifications, loan modification success

About this Blog

Amerihope Alliance Legal Services is a leading loan modification and foreclosure defense law firm with attorneys licensed in 5 states. We have helped over 7,000 homeowners fight back and keep their homes.

Click to Read Our Super Loan Mod Success Stories

Our goal is to provide valuable information to help homeowners who are trying to obtain a loan modification or to stop foreclosure. You may schedule a free consultation at any time.

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