Foreclosure and Loan Modification Blog

Successful Loan Modification Roundup Week of 3/4/19

Written by Jake Sterling | Friday, March 8, 2019

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 Freedom, Seterus, Wells Fargo and SPS:

Freedom Mortgage Loan Modification

Our client was a year-and-a-half behind on their payments to freedom mortgage and they've just been approved for a loan modification! Their new payments are reduced from $1,184 to $1,113. Saving $71 per month!

Seterus Loan Modification

After a 3 month trial plan, we are celebrating our client's approval for a permanent loan modification. Over $70,000 balance has been deferred and the foreclosure case is pending dismissal.

Wells Fargo Loan Modification

It's another Wells Fargo loan modification by Amerihope Alliance Legal Services! Our client with a foreclosure sale scheduled was just approved for modification. They're able to keep their home!

(see more Wells Fargo Loan Modifications)

SPS Repayment Plan

This week our client was granted an affordable 12-month repayment plan by SPS servicing.

(see more SPS Loan Modifications)

Why  a repayment plan instead of a loan modification?

With a prior modification and a low 3.25% interest rate, the only modification options would increase the mortgage payment by more than 25% which is against this investor's guidelines.