Foreclosure and Loan Modification Blog

Successful Loan Modification Roundup Week Of 11/4

Written by Maxwell Swinney | Friday, November 4, 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 SPS, Wells Fargo, and Carrington: 

Carrington

More than 7 years and $288,620 past due, our Carrington client has a fresh start with a final in-house loan modification with $174,457 in principal forgiven and a lower interest rate!

3 years and $31,000 past due, our Carrington Mortgage client is approved for a final in-house loan modification with $132 cheaper mortgage payment!

SPS

Yes! Final HAMP loan modification approved for our SPS client with lower interest rate, $547 cheaper payment, and $23,490 deferred and forgiven if mortgage paid on time for three years.

Wells Fargo

Our Wells Fargo client was $14,786 past due on mortgage, but we got him an in-house loan modification with $144 cheaper monthly payment and better interest rate!

M&T Bank

Our M&T Bank client was 18 months and $111,217.69 past due on their mortgage, now they have a final in-house loan modification with $564.33 cheaper payment and 1.875% lower interest rate!