2

Foreclosure Defense and Loan Modification Blog

Successful Loan Modification Roundup Week Of 12/30

Posted by Maxwell Swinney

Friday, December 30, 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 our results from this week with Seterus, Nationstar, Capital One, US Bank, SPS, and Pennsylvania Housing Finance Agency:

Seterus

Seterus client was 16 months and $48,422 past due on mortgage, now they have a fresh start with a final in-house loan modification with lower fixed interest rate!

Read More

Topics: loan modification, successful loan modifications, sps loan modification, nationstar loan modification, capital one loan modifications, pennsylvania housing finance agency, us bank loan modification

Loan Modifications, Mortgage Interest Rates, and HELOCs In 2017

Posted by Maxwell Swinney

Wednesday, December 28, 2016

A lot of things about 2016 were not so good. In fact, they stunk. We lost Prince, David Bowie, Harambe and George Michael. There was a contentious election, terrorism abroad, war in Syria, the Zika virus, and Brexit.

With all that and more, many people are glad to put 2016 behind them, and are hoping that 2017 turns out better. 

It's important to point out that not everything was terrible in 2016. The stock market hit new highs, and housing continued to improve. Home prices went up, interest rates stayed low, and the number of foreclosures declined.

But will the positive trends in housing continue with everything that's changing, which includes a new president, new congress, and the expiration of some government programs?

Read More

Topics: loan modification, foreclosure, housing, heloc

Successful Loan Modification Roundup Week Of 12/23

Posted by Maxwell Swinney

Friday, December 23, 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 our results from this week with Carrington:

Ditech

Yes! Our Ditech clients was $13,677 past due on their mortgage and in danger of losing their home. After making three trial modification payments they were approved for a final HAMP Tier II loan modification that dropped their payments from $1,730 to $1,043 a month for a $687 cheaper payment, and slashed their interest rate from 6.875% to 3% for the 33 year term of the loan.

Read More

Topics: loan modification, successful loan modifications, carrington loan modification, ditech loan modification

Don't Miss Out! December 30 Last Chance For HAMP Loan Modification

Posted by Maxwell Swinney

Wednesday, December 21, 2016

HAMP, the federal government's mortgage loan modification program, is expiring. Your complete application must be submitted by December 30, 2016 in order to be eligible to participate in the program.

The Home Affordable Modification Program (HAMP) is designed to help homeowners who have experienced a financial hardship, such as loss of income or illness, to get their mortgage back to normal servicing with a lower monthly payment that they can afford long-term.

A lower payment can be achieved by changing the interest rate, extending the term of the loan to as many as 40 years, and/or forgiving or forbearing some of the money owed on the loan.

Read More

Topics: loan modification, HAMP, hamp loan modification

Successful Loan Modification Roundup Week of 12/16

Posted by Maxwell Swinney

Friday, December 16, 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 our results from this week with Caliber, Ditech, and Carrington:

Caliber

Our Caliber client was $55,751 past due on mortgage and in active foreclosure, now has a permanent mod with low fixed 2% interest rate for 40 years!

Read More

Topics: loan modification, successful loan modifications, carrington loan modification, caliber loan modification, ditech loan modification success, ditech loan modification

Florida Supreme Court Ruling Could Increase Foreclosures In State

Posted by Maxwell Swinney

Tuesday, December 13, 2016

The Florida Supreme Court has issued a ruling that could increase the number of foreclosure actions brought against homeowners in the state.

According to the Florida Bar News, as a result of the state Supreme Court's November 3 ruling,“Lenders who have had a foreclosure suit dismissed can bring new action if the borrower continues to default after the dismissal and the case is brought within five years of nonpayment.”

The ruling had to do with the statute of limitations provision in Florida that says foreclosure on a mortgage has to be brought within five years of the borrower defaulting on payments.

Read More

Topics: florida foreclosure defense, florida foreclosure process, florida foreclosure laws, florida foreclosure attorney, Florida statue of limitations

How To Tell If You Can Save Your Home From Foreclosure

Posted by Maxwell Swinney

Saturday, December 10, 2016

When you take out a mortgage to buy a home, your plan is to never miss a payment and live in the house until you pay off the mortgage or sell the property to buy another home. So what happens when the plan goes awry and you miss payments? You're at risk of losing your home to foreclosure, obviously.

However, foreclosure doesn't happen like flipping a light switch. In judicial foreclosure states the foreclosure process is long and filled with legal procedures that most homeowners aren't familiar with and don't understand.

It can be hard to tell when you're fighting for a lost cause, and when you should keep fighting, and how. Here's a look at some of the things that happen, and how to tell if you could still keep your home when they happen.

Read More

Topics: stop foreclosure, i have a foreclosure sale date, how to stop foreclosure, loan modification, foreclosure, writ of possession, summons and complaint

Successful Loan Modification Roundup Week of 12/9

Posted by Maxwell Swinney

Friday, December 9, 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 our results from this week with Wells Fargo and Nationstar:

Wells Fargo

More than five years and $80k past due to Wells Fargo with a sale date set, our client now has a 3 month in-house trial loan modification with 1.25% lower interest rate and sale date on hold.

Read More

Topics: wells fargo loan modification, loan modification, loan modification success, nationstar loan modification

What Is a Notice of Acceleration?

Posted by Maxwell Swinney

Wednesday, December 7, 2016

Have you recieved a Notice of Acceleration from your lender?

It could also be called a Notice of Intent to Accelerate, Acceleration Notice, Demand Letter, Default Letter, Notice of Default or even Notice of Default and Acceleration.

What does it mean?

In contract law, an acceleration clause is a “term that fully matures the performance due from a party upon a breach of the contract.”

For mortgages that have an acceleration clause (most do), that means that, after breaching your contract by missing payments, your lender can demand that you either pay off the entire balance of your mortgage or be foreclosed upon.

Read More

Topics: loan modification, foreclosure defense

Successful Loan Modification Roundup Week of 12/2

Posted by Maxwell Swinney

Friday, December 2, 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 our results from this week with SLS, Nationstar, Carrington, Caliber, Ocwen, and SPS:

Caliber

19 months and $60,778 past due on mortgage payments to Caliber, our client now has a final loan modification with $91.24 cheaper monthly payment.

Read More

Topics: loan modification, ocwen loan modification, loan modification success, sps loan modification, caliber loan modification, nationstar loan modification

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.

Quick Answers

Do You Need To Hire A Foreclosure Attorney? Take Our 2-Minute Quiz

2015 Guide to Loan Modification

New Call-to-action  

Downloads

Learn How to Check  Your Florida Foreclosure Case Status

Guide: How to Write a  Hardship Letter  for Loan Modification

Posts by Topic

see all

Subscribe to Email Updates

Foreclosure Process Handbook

IL-foreclosure-attorney-map Download Your Illinois  Foreclosure Process Handbook

 

 

florida-small Download Your Florida  Foreclosure Process Handbook

 

 

new-jersey-map-small Download Handbook: New Jersey  Foreclosure Process

 

 

New-York-Small Download New York  Foreclosure Process Handbook

 

 

pennsylvania-sm-attorney Download Pennsylvania  Foreclosure Process Handbook