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:
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!
Our Caliber clients were 11 months and $93,128 + fees past due on their mortgage with foreclosure started, but we helped them get a 3 month trial loan modification plan with 3% lower interest rate and incredible $276.34 lower monthly payment, a 25% reduction!
Our FCI client was 15 months and $41,172 past due on his mortgage with foreclosure started, but we helped him get a 12 month trial loan modification that includes $120,000 of principal forgiveness after 2 years of on-time payments!
Even though they'd had a loan modification previously and were 17 months and $12,629.37 past due on their mortgage, we were still able to help our M&T Bank clients get a 3 month trial loan modification!
Our Mr. Cooper clients fell 14 months and $14,072 past due on their mortgage, which had been modified twice before, but we were still able to help them get a fresh start with a 3 month in-house trial loan modification plan!