Foreclosure and Loan Modification Blog

Successful Loan Modification Roundup Week of 11/25

Written by Maxwell Swinney | Friday, November 25, 2016

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, PNC Bank, Caliber, BSI, and Nationstar:

SLS

Yes! Our SLS client was in active foreclosure with a sale date set after falling $234,020 past due on their mortgage. Now they have a trial HAMP II trial modification plan with $719 savings a month!

PNC Bank

Our PNC Bank client was $19,278 past due on mortgage, but we got them out of foreclosure with a loan modification with a lower monthly payment, 2.25% lower interest rate, and $7,517 deferment partial claim!

Caliber 

Our Caliber client was $30,958 past due on his mortgage, but now has a permanent in-house loan modification with $196 cheaper payment!

BSI

BSI client has a final HAMP II loan modification with $1,049 monthly savings and $72,143 principal forgiveness if paid on time after three years, after falling 15 months and $64,270 behind on mortgage!

Nationstar

Our Nationstar client was 5 months and $17,371 past due, but now has a HAMP streamline trial plan with low fixed interest rate and $636.76 cheaper monthly payment!