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Foreclosure Defense and Loan Modification Blog

Loan modification denied because of “complete” application scam?

Posted by Maxwell Swinney

Tuesday, April 25, 2017

Loan modifications, which involve a permanent change to one or more of the terms of a mortgage, are often the only means homeowners who've fallen behind on their mortgage have to save their home. But they are quite difficult to get, and sometimes the bank denies that they've received a complete loan modification application, depriving the homeowner of vital protections against foreclosure.

To be eligible for a loan modification, a package called a Request for Mortgage Assistance, or RMA, must be submitted to the mortgage servicer. The RMA includes tax and income documents as well as an affidavit explaining the hardship that caused the default. 

Your mortgage company is not supposed to move forward with foreclosure when you have a complete loan modification application accepted and under review. Doing so would be engaging in something called dual-tracking, which is prohibited by mortgage servicing rules from the Consumer Financial Protection Bureau (CFPB).

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Topics: loan modification, Scam Alert, foreclosure, foreclosure fraud

Successful Loan Modification Roundup Week of 4/21/17

Posted by Maxwell Swinney

Friday, April 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 Nationstar, M&T Bank, Ditech, Carrington, PNC:

PNC

Our PNC Bank client was 32 months and $28,246.81 past due on adjustable rate mortgage with a sale date set, now she has a permanent loan modification with low 2% fixed interest rate and $185.36 cheaper monthly payment!

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Topics: loan modification, loan modification success, carrington loan modification, PNC loan modification success, nationstar loan modification, ditech loan modification, m&t bank loan modification

Successful Loan Modification Roundup Week of 4/14/17

Posted by Maxwell Swinney

Friday, April 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 SLS, SPS, Round Point Mortgage, and Chase:

SLS

15 months and $39,752 past due on mortgage payments to SLS, our client now has a 3 month in-house trial loan modification plan with $540.82 monthly savings!

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Topics: loan modification, loan modification success, sps loan modification, roundpoint loan modification, sls loan modification, chase loan modifications

Not Answering Summons and Complaint Made It Easier for Wells Fargo to Set Foreclosure Sale Date

Posted by Maxwell Swinney

Monday, April 10, 2017

In late 2016 our firm was retained by a homeowner I'll call Juan Wilson to protect his privacy. Juan owned a home in Orange County, Florida. A truck driver, Juan encountered financial difficulties and prioritized payment on his truck over his home, defaulting on his mortgage in 2015.

There's a saying that goes “you can sleep in your car, but you can't drive your house to work.” That was doubly true of Juan since he made his living with his truck, and without it he wouldn't have the income to pay any bills.

Not paying his mortgage may have been the lesser of two evils, but it came with serious consequences. After not receiving their mortgage payments Juan's bank, Wells Fargo, started trying to foreclose. He was served with a summons and complaint in April of 2015 and made the mistake of not responding to it or raising any defenses.

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Topics: i have a foreclosure sale date, wells fargo loan modification, foreclosure defense, florida foreclosure process, foreclosure

Successful Loan Modification Roundup Week of 4/7/17

Posted by Maxwell Swinney

Friday, April 7, 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 PNC, Ocwen, Regions Bank, Shellpoint, and Wells Fargo:

PNC

PNC Bank client was 6 months and $14,015 past due on mortgage, but now has a 3 month in-house trial loan modification plan with $132.69 cheaper payment!

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Topics: loan modification, ocwen loan modification, loan modification success, PNC loan modification success, shellpoint loan modification, regions bank loan modification, pnc loan modification

CoreLogic Releases 10-year Retrospect of The Foreclosure Crisis

Posted by Maxwell Swinney

Wednesday, April 5, 2017

10th anniversaries are traditionally celebrated with gifts of tin or aluminum. But for the 10th anniversary of the foreclosure crisis, real estate data and analytics company CoreLogic has released a report analyzing a decade of foreclosures. How romantic! CoreLogic knows us so well.

It's called “10-year retrospect of the U.S. residential foreclosure crisis”. It shows that the housing market has improved dramatically from the worst of the crisis and “started to normalize, recording approximately 22,000 completed foreclosures a month.”

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Topics: foreclosure, foreclosure crisis

It's Time To Get Your Taxes Done (And Save Your Home)

Posted by Maxwell Swinney

Monday, April 3, 2017

Ben Franklin said the only two certainties in life are death and taxes. Certain to happen, sure, but when? Death row inmates aside, we don't know when we'll die. But the day our income taxes are due is known. Normally it's April 15. That's a Saturday this year, so the government has set Tuesday April 18 as the deadline to file income tax returns.

You have to file income taxes with the federal government every year unless you meet the requirements to be exempt. If you owe money to the IRS and don't pay, they will charge you interest and even pursue criminal charges. Just ask Wesley Snipes, he went to prison for two and a half years over tax issues. 

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Topics: loan modification, bank of america foreclosure, income tax

Successful Loan Modification Roundup Week of 3/31/17

Posted by Maxwell Swinney

Friday, March 31, 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, Citi, SPS, US Bank, and Wells Fargo :

Nationstar

Final in-house loan modification, with $218 lower monthly payment and lower interest rate, approved for our Nationstar client who was past due $29,994 on their mortgage.

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Topics: wells fargo loan modification, loan modification, loan modification success, sps loan modification, citi loan modification, nationstar loan modification, us bank loan modification

Will 2017 Bring Another Bursting Housing Bubble?

Posted by Maxwell Swinney

Tuesday, March 28, 2017

Ten years ago a a real estate bubble burst that caused roughly 8 million homes to be lost to foreclosure.

Since then, there's been a sustained recovery that, while sometimes slower than what's been desired, has gradually brought us to where we are now.

Where are we now? Home prices are up (at all time highs in some markets), foreclosures are down to pre-recession levels, most people who want a job have one, and the stock market is at historic highs.

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Topics: housing market, housing bubble

Successful Loan Modification Roundup Week Of 3/24/17

Posted by Maxwell Swinney

Friday, March 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 Bank of America, Chase, Caliber, and HSBC:

Caliber

Our Caliber client was 24 months and $79,881 past due on mortgage payments, but now has a final in-house loan modification with $689 cheaper monthly payment and $72,177.15 non-interest deferred amount!

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Topics: bank of america loan modification, loan modification, loan modification success, caliber loan modification, chase loan modifications, caliber loan modification success, hsbc 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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