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Foreclosure Defense and Loan Modification Blog

Maxwell Swinney

Recent Posts

SPS Is Now the Biggest Mortgage Servicer, Getting Loan Modification a Challenge Without Help

Posted by Maxwell Swinney

Thursday, July 27, 2017

Select Portfolio Servicing (SPS) is now the biggest servicer of non-agency residential mortgage-backed securities (RMBS) in the country, with 410,286 loans worth $80.03 billion in their portfolio. Previous number one Ocwen falls to second place, and Nationstar follows in the third spot.

Non-agency, or “private label,” backed mortgage securities are created by private entities. They're not guaranteed by the government and often contain higher risk subprime loans from borrowers who couldn't meet agency standards.

So SPS services a huge portfolio of mortgages that have a relatively higher risk of default. Even if only a small percentage of those loans default, there are many thousands of homeowners seeking to work with SPS for an alternative to foreclosure.

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Topics: foreclosure, sps loan modification

5 Things to Not Do When You're in Foreclosure

Posted by Maxwell Swinney

Tuesday, July 25, 2017

Falling behind on your mortgage doesn't mean losing your home to foreclosure is a foregone conclusion. What happens and when depends in large part on how you respond to your situation. You may be able to keep your home or at least exit it under the best circumstances. But to do that you have to act on good information and avoid the mistakes that are often made by homeowners in foreclosure, which include:

1. Assuming your lender is going to help you.

Though your lender has the power to help you, you should not assume that they will. You and your lender's goals don't always align. Following a default, you probably want to keep your home but with a lower payment. The bank simply wants to make as much money as possible from the loans in their portfolio. Sometimes helping you keep your home is also the best way for the bank to make the most money, sometimes not.

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Topics: loan modification lawyer, foreclosure defense, loan modification help

Successful Loan Modification Roundup Week of 7/21/17

Posted by Maxwell Swinney

Friday, July 21, 2017

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 Ditech and TD Bank:

Ditech

Our Ditech client was $68,594+ and 22 months past due on mortgage, now has a three month trial modification plan with a fresh start!

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Topics: loan modification, loan modification success, ditech loan modification success, td bank loan modification

Successful Loan Modification Roundup Week of 7/14/17

Posted by Maxwell Swinney

Friday, July 14, 2017

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 Nationstar, Seterus, Ocwen, PNC, Ditech, PHH, Caliber, and SPS: 

Nationstar 

Our Nationstar client was 14 months and over $36,978 past due on mortgage, but now has a 3 month Flex Modification trial plan with $359.66 lower monthly payment!

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Topics: loan modification, successful loan modifications, ocwen loan modification, sps loan modification, trial modification, caliber loan modification, PNC loan modification success, seterus loan modification, nationstar loan modification, ditech loan modification, phh loan modification

Can A Quitclaim Deed Save You From Foreclosure?

Posted by Maxwell Swinney

Tuesday, July 11, 2017

If you're behind on your mortgage and desperate to avoid foreclosure, you may find yourself searching for any and all ways, no matter how obscure, that you could improve your situation.

Could there be a way to get a free house through the statute of limitations or a quiet title action, or would suing your lender benefit you in some way? We've covered all of those topics on this blog before.

How about a quitclaim deed? Could that you could make your mortgage problems go away?

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Topics: foreclosure defense, foreclosure, quitclaim deed

Going Through Probate and Avoiding Foreclosure On An Inherited House

Posted by Maxwell Swinney

Monday, July 3, 2017

Dealing with the death of a family member is hard enough, but the administration of their estate can bring financial difficulties with it as well, including foreclosure.

People often don't talk about money with their family, so when a family member dies, heirs can have no clue how much debt they owe and to whom. It becomes their responsibility to figure all of that out.

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Topics: foreclosure defense, probate

Successful Loan Modification Roundup Week of 6/30/17

Posted by Maxwell Swinney

Friday, June 30, 2017

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!

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Topics: wells fargo loan modification, loan modification, ditech loan modification, shellpoint loan modification, Rushmore loan modification

Divorce Causes Default On PNC Mortgage, Trial Loan Mod Approved

Posted by Maxwell Swinney

Thursday, June 29, 2017

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.

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Topics: illinois foreclosure lawyer, loan modification, pnc loan modification, divorce and foreclosure

Successful Loan Modification Roundup Week of 6/23/17

Posted by Maxwell Swinney

Friday, June 23, 2017

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.

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Topics: wells fargo loan modification, loan modification, successful loan modifications, PNC loan modification success, roundpoint loan modification, loan care loan modification

Successful Loan Modification Roundup Week of 6/16/17

Posted by Maxwell Swinney

Friday, June 16, 2017

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 and First National Bank:

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.

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Topics: loan modification, fifth third bank loan modification, Rushmore loan modification, first national bank 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.

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