Foreclosure and Loan Modification Blog

Successful Loan Modification Roundup Week Of 2/17/17

Written by Maxwell Swinney | Saturday, February 18, 2017

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 Chase, Wells Fargo, SPS, Bank of America, Ocwen, Citi, and Caliber:

Chase

  • Our Chase client was 19 months and $30,463 past due, but now has a permanent FHA-HAMP loan modification with lower interest rate and $59.55 cheaper payment!
  • 3 month HAMP II trial plan approved with enormous monthly savings of $571.46 and lower interest rate for our Chase client who was 20 months and $49,308 past due.

Wells Fargo

Our Wells Fargo client was in foreclosure, $45,355 and 35 months past due on mortgage. Now she has a 3-month FHA partial claim HAMP trial loan modification plan with lower payment and interest rate!

SPS

$42,587 and 28 months past due on mortgage with SPS, our client now has a fresh start with a permanent streamlined loan modification!

Bank of America

Our Bank of America client was $40,831.62 behind on mortgage, now has a permanent loan mod with lower interest rate and payment!

Ocwen

Our Ocwen client was more than SIX YEARS and $176k past due, but got a fresh start with an FHA-HAMP loan modification with a partial claim and lower interest rate!

Citi

Our Citi client was 7 months past due, but got a final in-house loan modification with huge $740 monthly savings, $65,005 principal balance deferred, and low interest rate!

Caliber

Yes! 2 years and $98,781 past due on mortgage with Caliber Home Loans, our client now has a final FHA-HAMP partial claim loan modification with $272 monthly savings and low fixed 3.75% interest rate for 30 years.