Foreclosure and Loan Modification Blog

Retired Couple Avoids Foreclosure With Loan Modification of 2nd Mortgage

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.

A retired couple, who I'll call the Schmidts to protect their privacy, recently hired Amerihope Alliance Legal Services to help them save their Florida home from foreclosure. The Schmidts were current on their first mortgage, but had defaulted on their second.

Their second mortgage lender, Liberty Savings Bank, was trying to foreclose on the Schmidt's home to satisfy the debt.

The loan was structured so that the Schmidt's made monthly payments plus interest for a few years, then the loan matured and the balance was accelerated and due as one big balloon payment.

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

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 Ocwen, Selene:

Ocwen

Our Ocwen client was 19 months and $36,894 past due, but now has a final loan modification with $108.78 monthly savings, 1% lower interest rate, and $149,370.13 deferment!

NJ Client Approved For Ocwen Loan Mod Days Before Sheriff's Sale

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.

Sometimes it seems like things can't get any worse...and then they do.

That's what happened to a recent client of our firm, who I'll call Mr. Dunn to protect his privacy.

Mr. Dunn has a home in New Jersey that was damaged by Hurricane Sandy, the largest Atlantic hurricane on record, in 2012. Insurance didn't cover all of the repairs he needed to make to his home following the superstorm, so he had to pay for the rest out of pocket. Doing that reduced his savings.

Then, after Sandy, Mr. Dunn lost his job. Without employment, he fell behind on his mortgage, which was serviced by Ocwen.

[fa icon="clock-o"] Saturday, October 21, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] successful loan modifications, ocwen loan modification

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.

Carrington

Great success! Our Carrington Mortgage client has a three month FHA HAMP trial loan modification with $276.81 cheaper monthly payment after falling six months behind on his mortgage payments.

Should You Trade Stocks or Bitcoin to Make Money and Avoid Foreclosure?

If you're facing foreclosure, and only have a few thousand dollars to your name, is gambling that money by trading stocks or investing in cryptocurrencies like Bitcoin your ticket to big earnings and saving your home? No. There are smarter ways to invest and avoid foreclosure.

Dream Pushers

There is a huge industry that sells the dream that anyone can make a bunch of money speculating in stocks and securities. They make it seem like all the cool people are doing it, and they're getting rich. Don't you want to be cool and rich?

Discount brokerages like Scottrade, TD Ameritrade, Etrade, and Robinhood, as well companies providing information, like CNBC and countless newsletters and websites, all market the idea that it's possible for an average Joe with no experience to earn more money trading stocks than with other investments.

[fa icon="clock-o"] Wednesday, October 18, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] foreclosure, stock trading, bitcoin

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.

Cenlar

Our Cenlar client was 12 months and $22,362 past due on mortgage, now has an FHA-HAMP loan modification with massive $401.66 monthly savings!

Foreclosure Moratorium Available for FHA Homeowners Hit by Hurricane Irma

If your home or your ability to pay your mortgage was damaged by a presidentially-declared disaster, such as hurricanes Harvey, Irma, or Maria, you may qualify for a foreclosure moratorium.

The Department of Housing and Urban Development (HUD) website says:

“If you are at risk of losing your home because of the disaster, your lender may stop or delay initiation of foreclosure for 90 days. Lenders may also waive late fees for borrowers who may become delinquent on their loans as a result of the disaster.”

This help is much needed for many people affected by the recent hurricanes. Forced evacuations, missed work, damaged homes and property, injuries, and all kinds of extra expenses are contributing to people's financial hardships, which can leave them unable to make mortgage payments.

90 days delay on foreclosure initiation or a waiver on late fees is a big help in easing the burden caused by a disaster and could be the difference between keeping your home and losing it.

[fa icon="clock-o"] Wednesday, October 11, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] florida foreclosure attorney, HUD, foreclosure moratorium

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.

Ditech

More than 8 years and $162,084 past due on mortgage payments to Ditech, our client now has a final FNMA Flex modification with 45% lower interest rate, $64,896 deferred with no interest, and $98.79 cheaper monthly payment!

[fa icon="clock-o"] Friday, October 6, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] loan modification, ditech loan modification, selene loan modification

Foreclosure and Loan Modification Blog

Retired Couple Avoids Foreclosure With Loan Modification of 2nd Mortgage

Successful Loan Modification Roundup Week of 10/27/17

Ocwen

NJ Client Approved For Ocwen Loan Mod Days Before Sheriff's Sale

Successful Loan Modification Roundup Week of 10/20/17

Carrington

Should You Trade Stocks or Bitcoin to Make Money and Avoid Foreclosure?

Dream Pushers

Successful Loan Modification Roundup Week of 10/13/17

Cenlar

Foreclosure Moratorium Available for FHA Homeowners Hit by Hurricane Irma

Successful Loan Modification Roundup Week of 10/6/17

Ditech

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