Foreclosure and Loan Modification Blog (6)

Mr. Cooper To Pay Homeowners For Hurricane Irma Misconduct

Florida Attorney General Pam Bondi has announced that a settlement was reached with Nationstar Mortgage, doing business as Mr. Cooper, that “resolves allegations regarding Mr. Cooper’s servicing misconduct in the aftermath of Hurricane Irma.”

(If you're in foreclosure, or being threatened with foreclosure after a hurricane, contact our firm for a free Hurricane Hardship Review.)

Mr. Cooper's Misconduct

Mr. Cooper/Nationstar is a mortgage lender and servicer based in Texas which services mortgages nationwide. Their misconduct related to Hurricane Irma is similar to stories we've heard from homeowners with loans serviced by many servicers after the hurricane. It goes like this:

A mortgage servicer tells a homeowner that they can postpone 3-6 months of mortgage payments to recover from the financial impact of Hurricane Irma.

[fa icon="clock-o"] Wednesday, December 19, 2018 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] forbearance, hurricane irma, mr. cooper

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are some 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 Mr. Cooper, CitiMortgage, and Home Loan Investment Bank:

Mr. Cooper

Almost 5 years (57 months) and $37,748.23 past due on their mortgage, we helped our Mr. Cooper clients get a final FHA loan modification with $23.62 monthly savings and a fresh start!

Holiday Help Avoiding Foreclosure!

This holiday season, you may get the gift of delayed foreclosure because courts and banks will be closed some days around Christmas and New Year's.

Foreclosure sale dates often aren't scheduled by courts for the end December to account for the days they will be closed.

The closures will also temporarily disrupt progress on moving a foreclosure case toward a sale.

That's means that you may have slightly more time in your home than if your foreclosure case was moving forward at another time of the year.

Foreclosure Eviction Moratoriums

It's possible to have some delays in your foreclosure case just because of the courts being closed. But there are also some actions being taken specifically to help families stay in their homes during the holidays.

[fa icon="clock-o"] Thursday, December 13, 2018 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] foreclosure defense, foreclosure process in illinois

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are some 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 Lakeview Loan Servicing, Gregory Funding, and HSBC:

Lakeview Loan Servicing

In foreclosure and 22 months and $52,535 +fees past due on their mortgage, we helped our Lakeview Loan Servicing clients get a final FHA Partial Claim modification with $106.81 cheaper monthly payment and a fresh start!

Successful Loan Modification Roundup Week of 11/30/18

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are some 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 Stearns Lending, Caliber, FCI, M&T Bank, and Mr. Cooper:

Stearns Lending

Our Stearns Lending client was 13 months past due on her mortgage, but we helped her get a 3 month FHA trial loan modification plan with $21.29 cheaper monthly payment!

Puppies & Other Things We Are Thankful For [Happy Thanksgiving!]

It's time to give thanks and celebrate! (And eat a lot of turkey and pie, of course.) This Thanksgiving at Amerihope Alliance Legal Services, we asked our staff to answer an anonymous poll that asked one simple question: What are you thankful for? Here are some of the responses:

My parents, my family, my friends, and my health.
I'm thankful for random acts of kindness, and people who are friendly and generous.
I'm thankful for my beautiful mother and daughter, and that everyday I can be thankful for something in my life.
Puppies!
I'm thankful for having and raising two boys that I love and that they aren’t ashamed to show me that they love me, too.
I am thankful for my wonderful friends and coworkers and holidays like Thanksgiving.
I'm thankful that we're able to help our clients

[fa icon="clock-o"] Thursday, November 22, 2018 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] thanksgiving

Sometimes a homeowner will fall behind on their mortgage, but they don't actually lose their home to foreclosure for a long, long time. How long? We've had clients who were in foreclosure for 11 years before their case was resolved!

People who stop paying their mortgage but continue to live in their home for years without anything happening can get used to that. Mistake. While at times it may seem like nothing's going on, the wheels are turning.

Some homeowners forget how serious their situation is, and then they get a notice that their home is scheduled to be sold in a foreclosure auction, and they're shocked and unprepared and have few options available to them.

Remember that when you fall behind on your mortgage, your home will eventually be lost and you and your family will be evicted if you can't resolve your default. Don't let it happen to you!

[fa icon="clock-o"] Wednesday, November 21, 2018 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] foreclosure

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are some of their stories.

SPS

What an incredible loan mod! 10 months and $11,106 past due on their mortgage, we helped our SPS clients get a 3 month in-house trial loan modification plan with $507.70 cheaper mortgage payment, an amazing 44% monthly savings.

What Does It Mean To Return Your Mortgage To "Normal Servicing"?

If you want to keep your home after falling behind on your mortgage, your goal should be to find a solution, such as a loan modification, that will return your loan to “normal servicing” and allow you to avoid foreclosure.

What Is Loan Servicing

Loan servicing is the process by which a company collects money from a borrower and manages their loan. Your mortgage loan servicer is the company you send your mortgage payments to. They're like an accounts receivable department that collects your payments and distributes the funds to the investor that owns your loan, collecting a fee for themselves in the process.

You have no say in who services your mortgage, and servicing rights can transfer. One month you're making mortgage payments to Cenlar, the next it's to Ocwen. If you don't like it, too bad. You have no say in the matter.

[fa icon="clock-o"] Sunday, November 11, 2018 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] loan modification, foreclosure, mortgage servicers, normal servicing

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are some of their stories.

Ditech

Our Ditech clients were $10,325.25 past due on their mortgage, but we helped them get a three month trial loan modification with the opportunity for a permanent loan mod!

[fa icon="clock-o"] Friday, November 9, 2018 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] loan modification, sps loan modification, ditech loan modification, loan modification success

Foreclosure and Loan Modification Blog

Mr. Cooper To Pay Homeowners For Hurricane Irma Misconduct

Mr. Cooper's Misconduct

Successful Loan Modification Roundup Week of 12/14/18

Mr. Cooper

Holiday Help Avoiding Foreclosure!

Foreclosure Eviction Moratoriums

Successful Loan Modification Roundup Week of 12/7/18

Lakeview Loan Servicing

Successful Loan Modification Roundup Week of 11/30/18

Stearns Lending

Puppies & Other Things We Are Thankful For [Happy Thanksgiving!]

You Can't Avoid Foreclosure Forever

Successful Loan Modification Roundup Week of 11/16/18

SPS

What Does It Mean To Return Your Mortgage To "Normal Servicing"?

What Is Loan Servicing

Successful Loan Modification Roundup Week of 11/9/18

Ditech

About this Blog

Subscribe to Email Updates

Lists by Topic

Foreclosure Process Handbook

Sitemap

Subscribe

Recent Posts

Contact Us

Call (877) 882-5338

Fax: (954) 919-6337

View our Office Locations

Join Us on Social