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 Carrington:
Yes! Our Ditech clients was $13,677 past due on their mortgage and in danger of losing their home. After making three trial modification payments they were approved for a final HAMP Tier II loan modification that dropped their payments from $1,730 to $1,043 a month for a $687 cheaper payment, and slashed their interest rate from 6.875% to 3% for the 33 year term of the loan.
2 years and $69,809 past due on mortgage payments to Carrington, our client now has a trial loan modification with a fresh start!