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Foreclosure Defense and Loan Modification Blog

Maxwell Swinney

Recent Posts

3 Close Calls with Foreclosure on Road to Wells Fargo Short Sale

Posted by Maxwell Swinney

Sunday, May 28, 2017

In late 2015 a homeowner in Orange County, Florida came to our law firm seeking assistance avoiding foreclosure. To protect his privacy, I'll call him Mr. Hannah.

Mr. Hannah's home is in a great location in central Florida just a few miles from Walt Disney World. But being near the “most magical place on earth” didn't help him when, in 2010, he encountered a hardship and couldn't afford to make his mortgage payments to Wells Fargo. In 2011 he was served foreclosure papers.

By the time we were retained to represent him, Mr. Hannah's home was scheduled to be sold in a foreclosure auction. 

Our client told us that he wanted to pursue both a loan modification and a short sale at the same time. He figured that way if one didn't work out he would have the other option to fall back on. We've heard this from other clients in the past, but it doesn't work like that.

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Topics: short sale, foreclosure, wells fargo

Successful Loan Modification Roundup Week of 5/26/2017

Posted by Maxwell Swinney

Friday, May 26, 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 Shellpoint and PNC:

Shellpoint

Our Shellpoint client was $168,704.05 past due on thier mortgage, now they have been granted a final loan modification. Shellpoint approved a  $9,511.99 principal reduction and lowered their monthly payment by $237.38!

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Topics: loan modification, loan modification success, PNC loan modification success, shellpoint loan modification

Successful Loan Modification Roundup Week of 5/19/2017

Posted by Maxwell Swinney

Friday, May 19, 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, Chase, Caliber, PHH, and BSI Financial:

Chase

Our Chase clients were 20 months and $49,308+ past due on mortgage, now they have a permanent HAMP mod with $594.23 monthly savings and 0.65% lower interest rate!

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Topics: loan modification, loan modification success, citi loan modification, sls loan modification, chase loan modifications, us bank loan modification, phh loan modification, caliber loan modification success, bsi loan modification success

4 Ways to Avoid Foreclosure at the Last Second

Posted by Maxwell Swinney

Thursday, May 18, 2017

Falling behind on your mortgage is a terrible situation to be in, but even if a foreclosure sale date is fast approaching, it doesn't necessarily mean that all is lost. You may still be able to stop foreclosure, possibly even permanently.

Depending on your situation, a loan modification, adjournment, emergency motion, or bankruptcy could help you avoid losing your home to foreclosure. Here's how each works:

1. Loan Modification

Applying for a loan modification can stop a foreclosure sale when the application for it is submitted to the mortgage servicer at least 37 days before the sale date. When a bank pursues foreclosure while a loan mod application is under review, that's called dual-tracking, a practice that is prohibited by the Consumer Financial Protection Bureau's mortgage servicing rules.

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Topics: new jersey foreclosure process, how to stop foreclosure, Bankruptcy, foreclosure, avoiding foreclosure

Foreclosures Lowest Since 2005, Repeats High In New York City And Miami

Posted by Maxwell Swinney

Wednesday, May 17, 2017

ATTOM Data Solutions has released its April 2017 U.S. Foreclosure Market Data report, which shows that April's foreclosure activity is the lowest since November 2005.

In April 2017 there were 77,049 foreclosure filings, which is a drop of 7% from the month before and a decline of 23% from a year ago. A foreclosure filing includes default notices, scheduled auctions, and bank repossessions.

The good performance of mortgages originated over the last seven years is a big part of the reason for foreclosure filings continuing to drop, ATTOM says. They do, however point to an issue with repeat foreclosures “on homeowners who often fell into default several years ago but have not been able to avoid foreclosure despite the housing recovery.”

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Topics: loan modification, florida foreclosure attorney, foreclosure, housing market

6 Ways to save Money When You're Behind on Your Mortgage

Posted by Maxwell Swinney

Saturday, May 13, 2017

If you've fallen behind on your mortgage, it's a good idea to save some extra money to help you get through whatever solution you eventually reach and your life afterward.

No matter what happens, whether it's the best case scenario, like a loan modification with a big principal reduction and low monthly payment and interest rate, or the worst, like losing your home to foreclosure, having a bigger financial cushion is always a good thing.

You can never have too much money. (If you can, that's the kind of problem we'd all like to have.)

Americans aren't the best savers in the world. 1 in 3 Americans has no retirement savings, and many households don't have enough cash savings to survive a $500 emergency, much less a mortgage crisis that costs tens or hundreds of thousands of dollars. The good news is that just about anybody can save some money with a little bit of effort. Here are a few suggestions on how to do that.

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Topics: foreclosure, personal finance, loan modification cost

Successful Loan Modification Roundup Week Of 5/12/17

Posted by Maxwell Swinney

Friday, May 12, 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 Ocwen:

Ocwen Trial Loan Modification

4 months and $15,321 past due on mortgage, our Ocwen client is now approved for a 3-month in-house trial loan modification with massive monthly savings of $655.73!

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Topics: loan modification, ocwen loan modification, loan modification success

Successful Loan Modification Roundup Week Of 5/5/17

Posted by Maxwell Swinney

Friday, May 5, 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 Bayview and a repayment plan with SPS:

Bayview Loan Modification

Our Bayview Loan Servicing client was $12,123.66 past due on their mortgage, but now has a trial loan mod with $56.85 cheaper payment! The first of  three payments is due June 1, and we anticipate a final loan modification to be in writing by September.

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Topics: loan modification, loan modification success, bayview loan modification, sps repayment plan

Citi Denied a Loan Modification for Years until We Demanded Fair Treatment

Posted by Maxwell Swinney

Wednesday, May 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 is one of their stories.

In March 2014 we were hired by a homeowner in Trenton NJ, whom I'll call Ramon Delgado to protect his privacy, who needed help saving his home from foreclosure.

Mr. Delgado, like most homeowners, didn't want to default on his mortgage with Citi, but a significant loss of income forced him into a situation where he couldn't make his house payments. 

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Topics: foreclosure defense attorney new jersey, foreclosure, citi loan modification, complete application scam

Ocwen Being Sued By CFPB For Mortgage Servicing Failures... Again

Posted by Maxwell Swinney

Saturday, April 29, 2017

You had one job, Ocwen, and you couldn't even do that!

Mortgage servicer Ocwen is being sued by the Consumer Financial Protection Bureau (CFPB) for “failing borrowers at every stage of the mortgage servicing process.”

The lawsuit alleges that Ocwen's “widespread errors, shortcuts, and runarounds cost some borrowers money and others their home.”

According to the CFPB, for years Ocwen has consistently demonstrated an inability to perform the most fundamental duties required of a mortgage servicer, such as sending accurate monthly statements to borrowers, crediting their account for payment, and correctly handling tax and insurance payments. 

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Topics: ocwen loan modification, CFPB, Ocwen, mortgage servicing, ocwen foreclosure

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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