Foreclosure and Loan Modification Blog

Successful Loan Modification Roundup Week of 9/29/17

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 Carrington and Capital One:

Carrington

30 months and $45,490+ past due on mortgage, our Carrington client now has a USDA modification with waived late fees and a fresh start!

What Will the Terms of Your Loan Modification Be?

When you need a loan modification, you really need one. It might be the only way to save your home and avoid foreclosure. Getting one is great, but what will the terms of your loan modification be? Will they be great, with a lower monthly payment that you can easily afford, or will they be bad and cause you to default again?

It depends. Loan modifications have as much variety as the mortgages they modify and the people who get them. No one can tell you what terms you will have until your bank offers you a final loan modification.

In fact, no one can guarantee that you will get a loan modification at all, much less that it will have certain terms.

[fa icon="clock-o"] Thursday, September 28, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] loan modification, loan modification terms

Hurricane Irma did more than $62 billion of damage in Florida and the Caribbean, making it the fourth-costliest hurricane on record. Homes and property were destroyed and damaged, 101 people died, and many endured serious hardships.

Survivors continue to clean up and try to return to their normal lives. Fortunately there is help available from the federal government, state government, and charities. Below are links and information on some of the help that's available.

FEMA, the Federal Emergency Management Agency, is involved in coordinating the response to Irma since a state of emergency was declared in Florida. You can go to FEMA.gov or Disasterassistance.gov for more information on a variety of programs to see if you are eligible for assistance and to apply. You can also call FEMA toll-free at 1-800-621-FEMA (1-800-621-3362).

[fa icon="clock-o"] Saturday, September 23, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] hurricane irma, fema

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.

Ocwen

20 months and $22,627 past due on mortgage payments to Ocwen, our client now has a 3-month in-house trial loan modification with $261.12 monthly savings!

What Is Final Judgment of Foreclosure, and How Can You Avoid It?

A final judgment of foreclosure is an order in certain states that a plaintiff/bank gets from the court, which allows them to sell a defendant's home for failure to pay the mortgage.

Final judgment of foreclosure is one of the last dominoes to fall before the foreclosure sale, and a big loss for a homeowner who wants to keep their home.

Final judgment can be in rem (against the house), in personam (against the homeowner), or both. If the lender believes there is a deficiency on the in rem judgment because the home won't sell for enough to cover all the money they're owed, they can seek an in personam judgment against the homeowner.

[fa icon="clock-o"] Saturday, September 2, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] foreclosure, final judgment

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.

PNC

Our PNC client was 21 months past due on mortgage payments back in May when we obtained a Trial Loan Modification for them. There was an active foreclosure case.

[fa icon="clock-o"] Friday, September 1, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] loan modification, successful loan modifications, PNC loan modification success

Foreclosure and Loan Modification Blog

Successful Loan Modification Roundup Week of 9/29/17

Carrington

What Will the Terms of Your Loan Modification Be?

Help Is Available for Hurricane Irma Survivors

Successful Loan Modification Roundup Week of 9/22/17

Ocwen

What Is Final Judgment of Foreclosure, and How Can You Avoid It?

Successful Loan Modification Roundup Week of 9/1/17

PNC

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