Foreclosure and Loan Modification Blog

Successful Loan Modification Roundup Week of 6/30/17

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 Rushmore, Shellpoint, Ditech, and Wells Fargo:

Rushmore

Our Rushmore client was 28 months and $70,701 past due on her mortgage, but is now approved for a permanent loan modification with low interest rate and $433.11 monthly savings!

Divorce Causes Default On PNC Mortgage, Trial Loan Mod Approved

Divorce. It isn't just difficult emotionally, it's often also a financial hardship that can lead to foreclosure. Following a split, it's difficult for the partner who keeps the marital home to pay the mortgage with just one income instead of two. That was the case for a recent client of our firm, who I'll refer to as Ms. Hassan to protect her privacy.

Ms. Hassan wanted to keep the Illinois home she and her husband had shared following their separation, but with only her salary from her job as a high school science teacher, she defaulted.

By March 2017 she was 20 months past due, and she hired Amerihope Alliance Legal Services to help her avoid foreclosure and apply for a loan modification.

Successful Loan Modification Roundup Week of 6/23/17

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.

Successful Loan Modification Roundup Week of 6/16/17

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.

Rushmore

Our Rushmore client was $37,929.55 past due on her mortgage and in active foreclosure. Now, after completing her 3 month trial plan, she has gigantic savings of $763.79 on her monthly mortgage payment and a lower interest rate through a great permanent loan modification we helped obtain! Next step: foreclosure dismissal.

Emergent Motion Saves Homeowner From Foreclosure With PHH

The stakes are very high when fighting foreclosure, and disaster is often only narrowly averted. It's a challenge to deal with the courts, the banks and their attorneys, and get the best results. But an experienced professional can help you do just that.

A recent case, for clients I'll call the Bello sisters to protect their privacy, illustrates this well.

The Bellos are immigrants from Africa who own a home together in New Jersey. They were working hard trying to realize the American dream when a loss of income caused them to default on their mortgage payments to PHH Mortgage.

Since New Jersey is a judicial foreclosure state, they were served a summons and complaint, officially putting them into foreclosure. PHH hired an attorney to handle the case and try to take the Bello's home from them.

How Do You Deal with Foreclosure on a Reverse Mortgage?

How do you end up in foreclosure because of a reverse mortgage? And is that a reverse foreclosure? What do you do if you inherit a house that has a reverse mortgage?

Before we answer those questions, let's first define what a traditional and reverse mortgage are.

Traditional Mortgage

In a traditional mortgage, you borrow a lump sum of money to purchase a home, then pay it back in monthly installments, plus interest, over time. You start out with little or no equity and build it as you pay down the balance of the loan. If you stop paying your mortgage, your home will be foreclosed for defaulting.

[fa icon="clock-o"] Saturday, June 10, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] foreclosure defense attorney, reverse mortgage

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.

Seterus

Our Seterus client was $90,324.92 past due, but now has a final loan modification with $33,281.50 deferred and $140.74 cheaper payment!

Successful Loan Modification Roundup Week Of 6/2/17

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.

Seterus

After falling $54,604 behind on his mortgage, our Seterus client has a three month trial loan modification with $158.23 cheaper monthly payment!

T.D. Bank is Charging Unconscionable Overdraft Fees

In conjunction with a group of nationally-recognized law firms, our lawyers are investigating TD Bank and the outrageous overdraft fees they charge.

We intend to file suit in the near future.

What’s the litigation about?

[fa icon="clock-o"] Thursday, June 1, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] Excessive Overdraft Fees

Foreclosure and Loan Modification Blog

Successful Loan Modification Roundup Week of 6/30/17

Rushmore

Divorce Causes Default On PNC Mortgage, Trial Loan Mod Approved

Successful Loan Modification Roundup Week of 6/23/17

Successful Loan Modification Roundup Week of 6/16/17

Rushmore

Emergent Motion Saves Homeowner From Foreclosure With PHH

How Do You Deal with Foreclosure on a Reverse Mortgage?

Traditional Mortgage

Successful Loan Modification Roundup Week of 6/9/17

Seterus

Successful Loan Modification Roundup Week Of 6/2/17

Seterus

T.D. Bank is Charging Unconscionable Overdraft Fees

What’s the litigation about?

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