Foreclosure and Loan Modification Blog

Maxwell Swinney

Successful Loan Modification Roundup Week of 10/20/17

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.

Should You Trade Stocks or Bitcoin to Make Money and Avoid Foreclosure?

If you're facing foreclosure, and only have a few thousand dollars to your name, is gambling that money by trading stocks or investing in cryptocurrencies like Bitcoin your ticket to big earnings and saving your home? No. There are smarter ways to invest and avoid foreclosure.

Dream Pushers

There is a huge industry that sells the dream that anyone can make a bunch of money speculating in stocks and securities. They make it seem like all the cool people are doing it, and they're getting rich. Don't you want to be cool and rich?

Discount brokerages like Scottrade, TD Ameritrade, Etrade, and Robinhood, as well companies providing information, like CNBC and countless newsletters and websites, all market the idea that it's possible for an average Joe with no experience to earn more money trading stocks than with other investments.

[fa icon="clock-o"] Wednesday, October 18, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] foreclosure, stock trading, bitcoin

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 Cenlar, Home Point Financial, Seterus, Freedom Mortgage, and Citi:

Cenlar

Our Cenlar client was 12 months and $22,362 past due on mortgage, now has an FHA-HAMP loan modification with massive $401.66 monthly savings!

Foreclosure Moratorium Available for FHA Homeowners Hit by Hurricane Irma

If your home or your ability to pay your mortgage was damaged by a presidentially-declared disaster, such as hurricanes Harvey, Irma, or Maria, you may qualify for a foreclosure moratorium.

The Department of Housing and Urban Development (HUD) website says:

“If you are at risk of losing your home because of the disaster, your lender may stop or delay initiation of foreclosure for 90 days. Lenders may also waive late fees for borrowers who may become delinquent on their loans as a result of the disaster.”

This help is much needed for many people affected by the recent hurricanes. Forced evacuations, missed work, damaged homes and property, injuries, and all kinds of extra expenses are contributing to people's financial hardships, which can leave them unable to make mortgage payments.

90 days delay on foreclosure initiation or a waiver on late fees is a big help in easing the burden caused by a disaster and could be the difference between keeping your home and losing it.

[fa icon="clock-o"] Wednesday, October 11, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] florida foreclosure attorney, HUD, foreclosure moratorium

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.

Ditech

More than 8 years and $162,084 past due on mortgage payments to Ditech, our client now has a final FNMA Flex modification with 45% lower interest rate, $64,896 deferred with no interest, and $98.79 cheaper monthly payment!

[fa icon="clock-o"] Friday, October 6, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] loan modification, ditech loan modification, selene loan modification

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.

Carrington

30 months and $45,490+ past due on mortgage, our Carrington client now has a USDA modification with waived late fees and a fresh start!

What Will the Terms of Your Loan Modification Be?

When you need a loan modification, you really need one. It might be the only way to save your home and avoid foreclosure. Getting one is great, but what will the terms of your loan modification be? Will they be great, with a lower monthly payment that you can easily afford, or will they be bad and cause you to default again?

It depends. Loan modifications have as much variety as the mortgages they modify and the people who get them. No one can tell you what terms you will have until your bank offers you a final loan modification.

In fact, no one can guarantee that you will get a loan modification at all, much less that it will have certain terms.

[fa icon="clock-o"] Thursday, September 28, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] loan modification, loan modification terms

Hurricane Irma did more than $62 billion of damage in Florida and the Caribbean, making it the fourth-costliest hurricane on record. Homes and property were destroyed and damaged, 101 people died, and many endured serious hardships.

Survivors continue to clean up and try to return to their normal lives. Fortunately there is help available from the federal government, state government, and charities. Below are links and information on some of the help that's available.

FEMA, the Federal Emergency Management Agency, is involved in coordinating the response to Irma since a state of emergency was declared in Florida. You can go to FEMA.gov or Disasterassistance.gov for more information on a variety of programs to see if you are eligible for assistance and to apply. You can also call FEMA toll-free at 1-800-621-FEMA (1-800-621-3362).

[fa icon="clock-o"] Saturday, September 23, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] hurricane irma, fema

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, Caliber, SLS, BSI, BB&T, SPS, Nationstar, and Loan Care:

Ocwen

20 months and $22,627 past due on mortgage payments to Ocwen, our client now has a 3-month in-house trial loan modification with $261.12 monthly savings!

What Is Final Judgment of Foreclosure, and How Can You Avoid It?

A final judgment of foreclosure is an order in certain states that a plaintiff/bank gets from the court, which allows them to sell a defendant's home for failure to pay the mortgage.

Final judgment of foreclosure is one of the last dominoes to fall before the foreclosure sale, and a big loss for a homeowner who wants to keep their home.

Final judgment can be in rem (against the house), in personam (against the homeowner), or both. If the lender believes there is a deficiency on the in rem judgment because the home won't sell for enough to cover all the money they're owed, they can seek an in personam judgment against the homeowner.

[fa icon="clock-o"] Saturday, September 2, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] foreclosure, final judgment

Foreclosure and Loan Modification Blog

Maxwell Swinney

Recent Posts

Successful Loan Modification Roundup Week of 10/20/17

Carrington

Should You Trade Stocks or Bitcoin to Make Money and Avoid Foreclosure?

Dream Pushers

Successful Loan Modification Roundup Week of 10/13/17

Cenlar

Foreclosure Moratorium Available for FHA Homeowners Hit by Hurricane Irma

Successful Loan Modification Roundup Week of 10/6/17

Ditech

Successful Loan Modification Roundup Week of 9/29/17

Carrington

What Will the Terms of Your Loan Modification Be?

Help Is Available for Hurricane Irma Survivors

Successful Loan Modification Roundup Week of 9/22/17

Ocwen

What Is Final Judgment of Foreclosure, and How Can You Avoid It?

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