2

Foreclosure Defense and Loan Modification Blog

Are You Sending The Same Documents For Your Loan Modification?!

Posted by Maxwell Swinney

Monday, November 20, 2017

One of the most common complaints from homeowners trying to get a loan modification is that they have to keep sending documents that they've already submitted to their loan servicer.

In desperate need of a loan modification to save their home and avoid foreclosure, they are stuck in a sea of paperwork, bureaucracy, and uncertainty that seems like it will never end.

Why does this happen?

Borrowers who want a loan modification are required to submit an application to their loan servicer, called a request for mortgage assistance (RMA), that includes many financial documents.

Read More

Topics: loan modification, loan modification application

Mistake By Loan Servicer Drives IL Homeowner Into Foreclosure

Posted by Maxwell Swinney

Saturday, November 18, 2017

Normally people fall into foreclosure because they don't have enough money to pay their mortgage. But sometimes it's a mistake from the mortgage servicer, not any fault of the borrower, that puts someone into foreclosure. That's the case for a recent client of our firm, who I'll call Ms. Craig to protect her privacy.

Ms. Craig is a school teacher who has owned a home near Chicago, Illinois since 2002. For nearly a decade and a half things went pretty smoothly with her home and finances.

Then in 2016, Ms. Craig filed for Chapter 7 bankruptcy to deal with some debt that was not related to her mortgage. Her home was not included in the bankruptcy and she continued to make her mortgage payments during bankruptcy.

Mortgage Servicer Changed

Also in 2016, the servicing rights to Ms. Craig's mortgage were transferred from Loan Care to Freedom Mortgage. It's a servicer's right to sell the servicing rights to another company if they wish, and the borrower has no say in it.

Servicing is supposed to continue as normal during and after the transfer, but that's not what happened in Ms. Craig's case.

Read More

Topics: loan modification, foreclosure, freedom mortgage loan modification

Successful Loan Modification Roundup Week of 11/17/17

Posted by Maxwell Swinney

Friday, November 17, 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, Nationstar, SunTrust, Flagstar, Carrington, and Roundpoint:

Ocwen

Our Ocwen client was an incredible 87 months and $168,320 past due on  his mortgage with a foreclosure sale date set. Now he has a permanent loan modification with interest rate slashed nearly in half, $202.63 lower monthly payment, $100,756.60 principal forgiveness, and $188,317.97 deferred balloon payment!

Read More

Topics: loan modification, ocwen loan modification, loan modification success, carrington loan modification, nationstar loan modification, roundpoint loan modification, suntrust loan modification, flagstar loan modification

Successful Loan Modification Roundup Week of 11/10/17

Posted by Maxwell Swinney

Friday, November 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 Seterus:

Seterus

Our Seterus clients were a whopping 91 months and $265,701 past due on their mortgage, now they have a 3-month trial loan modification with $471.89 monthly savings!

Read More

Topics: loan modification, loan modification success, seterus loan modification, phh loan modification

Why Haven't You Gotten a Loan Modification Yet?

Posted by Maxwell Swinney

Saturday, November 4, 2017

You desperately need a loan modification to avoid foreclosure and keep your home, but you haven't gotten one yet. Why?

There are two big reasons people don't get a loan modification when they need one. One is that they mistakenly think that they can't qualify. The other is that they try to apply, but the process is frustrating and they give up or fail.

What you don't know can hurt you, and some homeowners simply don't know what they need to about loan modifications or they believe things that are incorrect.

Let's take a closer look at how this happens, what the real facts are, and what you can learn from other people's mistakes to get the results you want.

Read More

Topics: loan modification

Successful Loan Modification Roundup Week of 11/3/17

Posted by Maxwell Swinney

Friday, November 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 Shellpoint and Guaranteed Rate:

Shellpoint

Our Shellpoint client was an unbelievable 100 months and $110,995+ past due on her mortgage with 9% interest rate, now she has a 3 month in-house trial loan modification plan with a fresh start!

Read More

Topics: loan modification, loan modification success, shellpoint loan modification, guaranteed rate loan modification

Retired Couple Avoids Foreclosure With Loan Modification of 2nd Mortgage

Posted by Maxwell Swinney

Saturday, October 28, 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.

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.

Read More

Topics: loan modification

Successful Loan Modification Roundup Week of 10/27/17

Posted by Maxwell Swinney

Friday, October 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 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!

Read More

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

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

Posted by Maxwell Swinney

Saturday, October 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 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.

Read More

Topics: ocwen loan modification, loan modification success

Successful Loan Modification Roundup Week of 10/20/17

Posted by Maxwell Swinney

Friday, October 20, 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 Seterus, Ditech, Carrington, Caliber, Trumark Financial, Ocwen, and Loan Care:

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.

Read More

Topics: loan modification, ocwen loan modification, carrington loan modification, caliber loan modification, seterus loan modification, ditech loan modification, loan care loan modification, trumark financial 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.

Quick Answers

Do You Need To Hire A Foreclosure Attorney? Take Our 2-Minute Quiz

2015 Guide to Loan Modification

New Call-to-action 

Most Popular Articles

Downloads

Checklist of Loan Modification Documents

Guide: How to Write a  Hardship Letter  for Loan Modification

Posts by Topic

see all

Subscribe to Email Updates

Foreclosure Process Handbook

IL-foreclosure-attorney-mapDownload Your Illinois  Foreclosure Process Handbook

 

 

florida-small Download Your Florida  Foreclosure Process Handbook

 

 

new-jersey-map-smallDownload Handbook: New Jersey  Foreclosure Process

 

 

New-York-SmallDownload New York  Foreclosure Process Handbook

 

 

pennsylvania-sm-attorneyDownload Pennsylvania  Foreclosure Process Handbook