Foreclosure and Loan Modification Blog

Successful Loan Modification Roundup Week of 7/27/18

Written by Maxwell Swinney | Friday, July 27, 2018

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 Penny Mac, Chase, AMC, Wells Fargo, and Fay Servicing:

Penny Mac

Our Penny Mac client was $6,259.79 past due on his mortgage, but we helped him get a final loan modification with $488.17 cheaper monthly payment and lower interest rate!

Chase 

Our Chase client was 9 months and $11,572 past due on his mortgage, but we helped him get a final in-house loan modification with lower interest rate and $302.28 (24%) cheaper monthly payment!

AMC 

Loan modification success! After losing income due to Hurricane Irma, our AMC client in Florida fell 8 months and $6,690 past due on her mortgage, but we helped her get an FHA Cap and Extend Partial Claim Modification with cheaper monthly payment and a fresh start!

Wells Fargo

Our Wells Fargo clients were $132,898.98 and 59 months (almost five years) past due on their mortgage, but we helped them get a final loan modification with $51,251.59 deferred balance and $100,000 in debt forgiven!

Fay Servicing

Our Fay Servicing client was 4 years and $148,038.09 past due on his mortgage, but we helped him get a permanent loan modification (his second) that gets him out of foreclosure and returns his loan to normal servicing!