Foreclosure and Loan Modification Blog

Successful Loan Modification Roundup Week of 8/26

Written by Maxwell Swinney | Friday, August 26, 2016

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners, here are a few 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, which include results from Greentree, Seterus, Ocwen, and others: 

Seterus

Our client was in foreclosure and $45k past due on payments to Seterus, but we helped them get a trial loan modification with a lower interest rate!

Greentree

WOW! Nine and a half years past due on their mortgage payments, our client is approved for a final HAMP loan modification with a lower interest rate!

Caliber

Our client was 27 months and $59k past due on mortgage payments to Caliber, but we got them a loan modification with $510 in monthly savings!

BSI

29 months past due on gargantuan $7,162/month mortgage payment to BSI, our client is approved for HAMP tier 2 loan modification with $2,773/month savings, interest rate reduced by 4%, and eligibility for $511k principal forgiveness!

Ocwen

6 years without making payments to Ocwen, our client is approved for a final HAMP loan modification with $1,081 in monthly savings, much lower interest rate, and $206,888 in principal forgiveness!

ASC

Foreclosure was started on our client with ASC, now they have a final in-house loan modification with $117 monthly savings and $34,443 of principal forgiven!

CitiMortgage

Our client with a Citimortgage loan was $51k past due on mortgage payments, but we helped them get a loan modification with $59k partial claim!