Successful Loan Modification Roundup Week of 5/11/18

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 PennyMac, SLS, Rushmore:

PennyMac

Success! Our PennyMac client was in active foreclosure and at risk of losing his home after falling $27,292.78 past due on his mortgage. But we just got him approved for a 3 month trial loan modification plan with $476.19 cheaper monthly payment!

SLS

We couldn't be happier for our SLS clients, who were in foreclosure after falling 21 months and $32,086+ past due on their mortgage, because we got them a 3 month streamline trial loan modification plan (their third loan mod) with $189.96 cheaper monthly payment!

Our SLS client was 6.5 years (79 months) past due on his mortgage and in foreclosure. After he tried and failed to modify his loan in 2015 and 2017, we were able to get him a 3 month in-house trial loan modification with $474.04 monthly savings!

Rushmore 

Our Rushmore client was 6 months and $8,707.02 past due on his mortgage, but now he has a final in-house loan modification with $392.92 cheaper monthly payment and $521.52 savings after 12 months when escrow shortage is paid off!