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Foreclosure Defense and Loan Modification Blog

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

Emergent Motion Saves Homeowner From Foreclosure With PHH

Posted by Maxwell Swinney

Monday, June 12, 2017

The stakes are very high when fighting foreclosure, and disaster is often only narrowly averted. It's a challenge to deal with the courts, the banks and their attorneys, and get the best results. But an experienced professional can help you do just that.

A recent case, for clients I'll call the Bello sisters to protect their privacy, illustrates this well.

The Bellos are immigrants from Africa who own a home together in New Jersey. They were working hard trying to realize the American dream when a loss of income caused them to default on their mortgage payments to PHH Mortgage

Since New Jersey is a judicial foreclosure state, they were served a summons and complaint, officially putting them into foreclosure. PHH hired an attorney to handle the case and try to take the Bello's home from them.

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Topics: how to stop foreclosure, loan modification, foreclosure defense attorney new jersey, sheriff's sale

How Do You Deal with Foreclosure on a Reverse Mortgage?

Posted by Maxwell Swinney

Saturday, June 10, 2017

How do you end up in foreclosure because of a reverse mortgage? And is that a reverse foreclosure? What do you do if you inherit a house that has a reverse mortgage?

Before we answer those questions, let's first define what a traditional and reverse mortgage are.

Traditional Mortgage

In a traditional mortgage, you borrow a lump sum of money to purchase a home, then pay it back in monthly installments, plus interest, over time. You start out with little or no equity and build it as you pay down the balance of the loan. If you stop paying your mortgage, your home will be foreclosed for defaulting.

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Topics: foreclosure defense attorney, reverse mortgage

Successful Loan Modification Roundup Week of 6/9/17

Posted by Maxwell Swinney

Friday, June 9, 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 and SLS:

Seterus

Our Seterus client was $90,324.92 past due, but now has a final loan modification with $33,281.50 deferred and $140.74 cheaper payment!

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Topics: loan modification, loan modification success, seterus loan modification, sls loan modification

Successful Loan Modification Roundup Week Of 6/2/17

Posted by Maxwell Swinney

Friday, June 2, 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, Ocwen, Stearns Loan Care, Wells Fargo, SLS, and Bayview:

Seterus

After falling $54,604 behind on his mortgage, our Seterus client has a three month trial loan modification with $158.23 cheaper monthly payment!

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Topics: wells fargo loan modification, loan modification, ocwen loan modification, loan modification success, seterus loan modification, bayview loan modification, sls loan modification, stearns loan care loan modification

T.D. Bank is Charging Unconscionable Overdraft Fees

Posted by Maxwell Swinney

Thursday, June 1, 2017

In conjunction with a group of nationally-recognized law firms, our lawyers are investigating TD Bank and the outrageous overdraft fees they charge.

We intend to file suit in the near future.

What’s the litigation about?

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Topics: Excessive Overdraft Fees

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

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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