Foreclosure and Loan Modification Blog

Successful Loan Modification Roundup Week of 12/21/18

Written by Maxwell Swinney | Friday, December 21, 2018

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 Rushmore, Mr. Cooper, SLS, Wells Fargo, Carrington, Loan Care, and PennyMac:

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

Our Mr. Cooper client was 31 months and $41,563+ fees past due on her mortgage with a foreclosure sale date set, but we helped her get a 3 month FHA trial loan modification plan with $70.79 cheaper monthly payment!

SLS

Severely delinquent on their 2nd mortgage, we helped our client get a short payoff where SLS accepted $15,000 to eliminate $172,904.01 in debt!

Wells Fargo

6 months behind on their $163,231.44 home equity line of credit (HELOC) with Wells Fargo, we helped our client settle that debt for only $50,000! 

Carrington

Our Carrington clients were 44 months and $69,528.16+ fees past due on their mortgage with a sale date scheduled. We helped them get a final FHA-HAMP loan modification that cancels their sale date and gives them a fresh start!

Our Carrington client was 24 months and $43,046+ fees past due on their mortgage (which had been modified in 2015) with a foreclosure sale date set, but we helped them get a final FHA HAMP loan modification with a fresh start!

Loan Care

Our Loan Care client was 16 months and $22,038+ fees past due on his mortgage, but we helped him get a final Freddie Mac Flex modification with $54,734.95 deferment and a fresh start!

PennyMac

Our PennyMac client was 9 months and $7,426.36 past due on his mortgage, but we helped him get a final FHA-HAMP loan modification with $15,499.05 partial claim and $30.90 monthly savings!