Foreclosure and Loan Modification Blog (6)

What's Up With Loan Modifications In 2019?

Every January is an opportunity for people to complain about how horrible the previous year was. 2018 certainly had it's share of negative events, including Hurricane Michael hitting Florida and the worst wildfires in California's history.

But let's not forget that there were also good stories, like that dog who adopted a monkey. How awesome is that?

Besides looking back at the good and bad of the previous year, new year's is also a time to look ahead to the issues you care about in the coming year.

If you're behind on your mortgage, one issue you should definitely care about is loan modifications. What's going on with them in 2019?

[fa icon="clock-o"] Tuesday, January 8, 2019 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] 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 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 Chase, Ocwen, Wells Fargo, and Mr. Cooper:

Chase

Our Chase client was 21 months and $42,505+ fees past due on his mortgage, but we helped him get an FHA partial claim loan modification (his second) with a fresh start!

Successful Loan Modification Roundup Week of 12/28/18

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.

[fa icon="clock-o"] Friday, December 28, 2018 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] loan modification, Rushmore 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 some of their stories.

Rushmore

Our Rushmore client was a whopping $56,122.93 past due on her mortgage and in active foreclosure, but we helped her get a final loan modification with partial claim that allows her to keep her home and avoid foreclosure!

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.

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.

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.

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

Foreclosure and Loan Modification Blog

What's Up With Loan Modifications In 2019?

Successful Loan Modification Roundup Week of 1/4/19

Chase

Successful Loan Modification Roundup Week of 12/28/18

Successful Loan Modification Roundup Week of 12/21/18

Rushmore

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!]

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