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 Rushmore, Shellpoint, Ditech, and Wells Fargo:
Our Rushmore client was 28 months and $70,701 past due on her mortgage, but is now approved for a permanent loan modification with low interest rate and $433.11 monthly savings!
6 years past due on mortgage, our Shellpoint client has a final loan modification with low 3.75% fixed interest rate, $686 lower payment, and $147,992.90 deferred!
Our Ditech clients were a staggering 98 months and $190,530 past due on their mortgage! Now they have a three month FNMA Flex Modification trial plan with $87.73 lower payment and 3.375% lower interest rate. It's incredible that after over 8 years of non-payment, our client will be able to keep their home. Now comes the 2nd hardest part -- reestablishing the habit of paying the mortgage each month.
Our Wells Fargo client was 20 months and $39,420+ past due on mortgage with a sale date set, now has a three month FNMA capitalization trial plan with $95.15 monthly savings, fresh start, and postponed sale date.