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, SPS, Cenlar, Carrington, and Roundpoint:
Our Wells Fargo clients were $165,030.89 past due on their mortgage with a high 7.95% interest rate, now they have a three-month in-house trial loan modification plan with the opportunity for a permanent modification with a lower interest rate!
Our Wells Fargo clients were facing foreclosure, but we helped them get a three month in-house trial loan modification with $219.33 cheaper monthly payment.
Our SPS client hadn't paid her mortgage in more than three years ($61k past due) and was in foreclosure, but we got her a streamline loan modification with no trial plan, $225.70 cheaper monthly payment, 3.5% interest rate, and $15,735.31 interest-free deferment!
Our Cenlar clients were 12 months and $22,362 past due on their mortgage, but we helped them get an FHA HAMP partial claim loan modification with massive $400.68 monthly savings!
Yes! Our Carrington clients were an unbelievable 98 months and $195,671 past due on their mortgage with foreclosure started, now they have an in-house trial loan modification plan with $1,059.53 cheaper monthly payment and $162,587.50 principal reduction.
We got our Roundpoint client get an amazing permanent loan modification with $116,052.39 in principal forgiveness, $64,456.25 deferred, and monthly payment cut nearly in half from $1,928.72 to $1,092.40!