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Foreclosure Defense and Loan Modification Blog

Our Client Was 98 Months Past Due with Ditech and We Still Got Him a Loan Modification!

Posted by Maxwell Swinney

Friday, December 8, 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.

Being really, really, really far behind on your mortgage doesn't necessarily mean that you can't get a loan modification and keep your home. A recent client of our firm is a good example of this. To protect his privacy, I'll call him Mr. Shroff.

Mr. Shroff lives in a nice home, currently valued at about $1 million, in Hilsborough County, FL with his wife and son. He is self-employed. A downturn in his business caused him to fall behind on his mortgage during the recession in 2009.

Eventually Mr. Shroff's financial problems cleared up and he was able to make payments again, but by then, his mortgage servicer, Ditech, wouldn't let him make payments. They wanted him to pay all of the missed payments plus fees, which ended up being an astounding $191,140.06. He didn't have that much cash, so he stayed in default.

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Topics: loan modification, foreclosure, ditech loan modification

Successful Loan Modification Roundup Week of 12/1/17

Posted by Maxwell Swinney

Friday, December 1, 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 and Freedom Mortgage:

Freedom Mortgage

Our Freedom Mortgage client was 8 months and $15,334 past due on his mortgage, but we helped him get a three month FHA-HAMP trial loan modification with cheaper monthly payment!

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Topics: loan modification, loan modification success, sls loan modification, freedom mortgage loan modification

What Happens When Hurricane Irma Mortgage Help Ends?

Posted by Maxwell Swinney

Friday, December 1, 2017

Temporary mortgage assistance has been made available to homeowners in parts of the country that were declared disaster areas as a result of 2017's major hurricanes, including Hurricane Irma in Florida, Harvey in Texas, and Maria in Puerto Rico. That help is much needed for many people, but what happens when the relief ends?

After getting some kind of assistance, you and your mortgage could end up in better shape, but you could also find that your problems are worse. It all depends on your situation and what kind of assistance you get. So it's important to understand what you're getting into.

Let's take a look at some of the assistance available.

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Topics: loan modification, hurricane irma, mortgage assistance

Avoid Judicial Default By Answering Foreclosure Complaint

Posted by Maxwell Swinney

Tuesday, November 28, 2017

If you miss mortgage payments, or pay less than what is required, then you're in default on your mortgage loan. Your lender will at some point send you a notice of default letter notifying you that by not paying your mortgage, you're in violation of the terms of the promissory note that you signed and are at risk of losing your home to foreclosure.

If you don't work things out by reinstating your loan (paying the entire amount you're behind), agreeing to a repayment plan, or getting a loan modification, then the foreclosure process will continue.

Further along in the foreclosure process there's another type of default that can happen called a judicial default or clerk's default. A judicial default is a “binding judgment in favor of either party based on some failure to take action by the other party.”

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Topics: foreclosure, judicial default judgment, summons and complaint

Successful Loan Modification Roundup Week of 11/24/17

Posted by Maxwell Swinney

Saturday, November 25, 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 Wells Fargo, Loancare, SunTrust:

Wells Fargo 

Our Wells Fargo client was $31,920 past due with summary judgment entered and a foreclosure sale date set, but now has a final loan modification and has avoided foreclosure!

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Topics: wells fargo loan modification, loan modification, loan modification success, suntrust loan modification, loancare loan modification

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.

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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.

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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!

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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!

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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.

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Topics: 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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