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 Ocwen, Bayview, Seterus, Carrington, and Caliber:
Our Ocwen client was 38 months and $47,526.85 past due on her mortgage, which had been modified in 2015. with a foreclosure sale date scheduled, but we helped her get a 3-month streamline trial loan modification plan with $188.54 cheaper monthly payment!
After falling 50 months and $40,562 past due on her mortgage, our Ocwen client now has a streamline 3 month streamline trial loan modification plan with $117.47 cheaper monthly payment!
Our Bayview client was $50,959.95 past due on his mortgage with $30k+ in negative escrows. We helped him get a final loan modification with $975 cheaper monthly payment, $74,709.80 deferred, and ultra-low 2.875% interest rate for the first five years!
Success! Our Carrington Mortgage clients were $50,654.84 past due on their already-modified mortgage with $11,306.33 in negative escrows, but we helped them get another permanent loan modification with 30-year term and low interest rate.
Our Caliber client was 12 months and $30,893 past due on his mortgage, but we helped him get a final flex modification with massive $518.85 cheaper monthly payment, which is a 25% savings!