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Foreclosure Defense and Loan Modification Blog

Maxwell Swinney

Recent Posts

Successful Loan Modification Roundup Week Of 2/24/17

Posted by Maxwell Swinney

Friday, February 24, 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 US Bank, Wells Fargo and Shellpoint:

US Bank

$40,831.62 past due with US Bank, our client is approved for a trial loan modification with $514.06 lower monthly payment! Their payment was reduced from $2,215.72 to $1,701.66!

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Topics: wells fargo loan modification, loan modification, loan modification success, shellpoint loan modification, us bank loan modification

Distressed Home Sales In 2016 At A Nine-Year Low

Posted by Maxwell Swinney

Tuesday, February 21, 2017

Distressed home sales made up 16.2% of all homes sold in 2016, which is a drop of more than two and a half points from 2015, and a smaller percentage of home sales than in any year since 2007, according to ATTOM Data Solutions Year-End 2016 U.S. Home Sales Report.

A distressed sale is a bank-owned sale, short sale, or foreclosure auction sold to a third party buyer. Basically anything other than a regular sale of a home in which the seller has equity is considered a distressed sale. It's a good thing the number of distressed sales are down. 

The distressed sales numbers breakdown as follows. REO (Real Estate Owned) sales, also called bank-owned sales, were 8% of all sales in 2016, which is down two points from 2015 and the lowest level in 10 years.

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Topics: short sale, housing market, deed in lieu of foreclosure

Successful Loan Modification Roundup Week Of 2/17/17

Posted by Maxwell Swinney

Saturday, February 18, 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 Chase, Wells Fargo, SPS, Bank of America, Ocwen, Citi, and Caliber:

Chase

  • Our Chase client was 19 months and $30,463 past due, but now has a permanent FHA-HAMP loan modification with lower interest rate and $59.55 cheaper payment!
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Topics: wells fargo loan modification, bank of america loan modification, loan modification, successful loan modifications, sps loan modification, caliber loan modification, chase loan modifications

Who Is The Plaintiff In The Foreclosure Lawsuit Against You?

Posted by Maxwell Swinney

Friday, February 17, 2017

If you live in a judicial foreclosure state and stop paying your mortgage, you will eventually become the defendant in a civil lawsuit.

The plaintiff, which is the party suing you, must go through the court system in order to foreclose on your house. But who will the plaintiff be?

It could be one of a few different parties or some combination of them. It could be the investor in your loan, your loan servicer, or a trustee that represents the parties with an interest in your mortgage.

Let's examine who those parties are, and what it means for you when fall behind on your mortgage.

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Topics: foreclosure, foreclosure lawsuit

Successful Loan Modification Roundup Week Of 2/10/17

Posted by Maxwell Swinney

Friday, February 10, 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 SLS, Ocwen, SPS, Regions Bank, and Seterus:

SLS

$234,020 past due on mortgage with SLS, our client was in active foreclosure and had three sale dates canceled, now has a permanent HAMP II loan modification with $735 lower monthly payment and 5% lower interest rate!

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Topics: loan modification, successful loan modifications, ocwen loan modification, seterus loan modification, sls loan modification, regions bank loan modification

Could A HUD Partial Claim Help You Avoid Foreclosure?

Posted by Maxwell Swinney

Wednesday, February 8, 2017

If you fall behind on your FHA-insured mortgage loan, you might be able to get help from something called a partial claim payment, which is a loan from HUD paid to your lender to avoid foreclosure.

To be eligible for a HUD partial claim you must have missed at least four payments, but no more than 12. And you have to show that you'll be able to pay your mortgage after the claim is paid, and that you will use the property as your primary residence.

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Topics: foreclosure, HUD, partial claim

Successful Loan Modification Roundup Week of 2/3/17

Posted by Maxwell Swinney

Friday, February 3, 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 PHH, Seterus, and Citi:

Seterus

Our Seterus client was $65,635.71 past due on mortgage with $970.91 monthly payment and high 8.25% interest rate. Now they have a final loan modification with $783.70 payment and low 3.5% interest rate for $187.25 savings!

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Topics: loan modification, successful loan modifications, citi loan modification, seterus loan modification, phh loan modification

2 Ways Bad Information Can Drive You Into Foreclosure

Posted by Maxwell Swinney

Tuesday, January 31, 2017

When you're at risk of foreclosure, you can't make good decisions about what to do without good information. And sometimes the people you trust most to give you accurate information can't be counted on to provide it.

It's unfortunate, but the banks and companies offering to help homeowners with foreclosure defense and loan modifications have been known to lie and/or omit important facts in a way that benefits them and harms the homeowner.

The consequences of acting on bad advice related to your mortgage can have a huge impact on your financial well-being. It can harm your credit and cause you to unnecessarily lose your home to foreclosure. Foreclosure has even been shown to cause health problems. It's a big deal.

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Topics: loan modification, foreclosure, loan modification fraud, foreclosure fraud

Successful Loan Modification Roundup Week Of 1/27/17

Posted by Maxwell Swinney

Friday, January 27, 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 SLS & Ocwen:

SLS

18 months and $24,516 past due on mortgage with SLS, our client has a HAMP II loan modification with $508 cheaper monthly payment and an interest rate that dropped from 7% to 3%!

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Topics: loan modification, successful loan modifications, ocwen loan modification, sls loan modification

4 Dirty Tricks Mortgage Lenders Use To Foreclose On Your Home

Posted by Maxwell Swinney

Thursday, January 26, 2017

Dealing with your lender on your own when you're behind on your mortgage payments is like going to war against an opponent who has nuclear weapons and all you've got is a rusty pocket knife. Things aren't likely to go well for you.

Why is that? Your lender has a lot of resources, including loads of money and experienced attorneys working for them. But beyond that, some mortgage lenders and servicers have repeatedly shown a willingness to bend or break rules, laws, and standards of ethics in order to foreclose.

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Topics: loan modification, foreclosure, loan modification fraud, foreclosure fraud, free house, mortgage abuse

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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