Foreclosure and Loan Modification Blog

Successful Loan Modification Roundup Week of 7/27/18

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are some 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 Penny Mac, Chase, AMC, Wells Fargo, and Fay Servicing:

Penny Mac

Our Penny Mac client was $6,259.79 past due on his mortgage, but we helped him get a final loan modification with $488.17 cheaper monthly payment and lower interest rate!

Hardship Letter Tips for a Successful Loan Modification

If you are trying to obtain a loan modification or other loan workout plan, then your bank’s guidelines are going to require that you write a hardship letter.

[fa icon="clock-o"] Monday, July 23, 2018 [fa icon="user"] Kristen Clinton [fa icon="folder-open'] loan modification attorney, write a hardship letter, hardship letter

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

SLS

Our SLS clients were 5 months and $10,309.20 past due on their mortgage payments, but we helped them get a final loan modification with $610.70 cheaper monthly payment and $48,838.95 non-interest bearing deferment!

What You Should Know About Foreclosure Mediation Conferences In Illinois

Some counties in Illinois offer mediation programs to homeowners in foreclosure, which are “designed to create an opportunity for homeowners and lenders to come together to explore mutually beneficial alternatives to foreclosure.”

At the mediation conference, a homeowner and a representative from the foreclosing lender will come together with an impartial third party where alternatives to foreclosure, such as loan modification, repayment plan, short sale, and deed in lieu of foreclosure, may be discussed.

Can I Participate In Mediation?

In some counties in Illinois, it's mandatory that mediation be offered to eligible homeowners facing foreclosure.

[fa icon="clock-o"] Saturday, July 7, 2018 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] illinois foreclosure lawyer, mediation, foreclosure process in illinois

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

Caliber

After falling 8 months and $16,719.18 past due on their mortgage, we helped our Caliber clients get a final VA loan modification with $283.31 cheaper monthly payment and $16,719.18 deferred for 30 years!

Foreclosure and Loan Modification Blog

Successful Loan Modification Roundup Week of 7/27/18

Penny Mac

Hardship Letter Tips for a Successful Loan Modification

Successful Loan Modification Roundup Week of 7/20/18

SLS

What You Should Know About Foreclosure Mediation Conferences In Illinois

Can I Participate In Mediation?

Successful Loan Modification Roundup Week of 7/6/18

Caliber

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