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 PHFA, Shellpoint, Ocwen, Rushmore, and Trinity Financial Services:
Our Rushmore client was 62 months and $120,007.45 past due on his mortgage, but we helped him get a final loan modification with $40,557.35 principal forgiven and a fresh start!
Our PHFA clients were 12 months and $18,654.11 past due on their mortgage, in foreclosure and with a sale date set, but we helped them get a 3-month FHA trial loan modification with a fresh start!
We are celebrating a Shellpoint trial modification that was approved this morning. Our client was almost 4 years behind and in foreclosure. They've been granted a 3 month trial plan (after having a modification in 2013). They'll start making payments in June, and hopefully have their final modification in August!
An interesting case. Our client was current on payments for their first mortgage, but 7 years behind on their second mortgage with Trinity Financial Services. We obtained a loan modification which required a good faith deposit up front, but in the end monthly payments are decreased from $300.98 to $270.55. We're currently working on having the foreclosure dismissed!