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 PHH, Seterus, and Citi:
Our Seterus client was $65,635.71 past due on mortgage with $970.91 monthly payment and high 8.25% interest rate. Now they have a final loan modification with $783.70 payment and low 3.5% interest rate for $187.25 savings!
33 months and $19,939 past due on mortgage with PHH, our client now has a 3 month in-house trial loan modification plan with $71.09 cheaper monthly payment!
Our PHH client was about $4,400 past due on $705.11 per month mortgage payments. PHH granted a three month trial loan modification plan with $575.73/month payment. The homeowner is seeing $130 in savings each month!
30 payments past due on mortgage, our Citi client now has a permanent loan modification with $90.01 lower monthly payment and an interest rate that was lowered from 6.875% to 3.750%!