Foreclosure and Loan Modification Blog

Successful Loan Modification Roundup Week of 6/17

Written by Maxwell Swinney | Friday, June 17, 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 some results that came in this week.

Every week we obtain loan modifications for our clients, we're working on a round up of results that came in which you can follow on Twitter or Facebook.

Keep reading to see: three (3) Ocwen modifications, two (2) Bayview loan modifications, three (3) Seterus modifications, one (1) Bank of America loan modification and one (1) Selene Finance mod.

Selene Finance and Bank of America

  • After falling 2 years behind on their mortgage and $27,331 past due to Bank of America, our client is pleased as punch to have a loan modification.
  • Congratulations to our client who was 12 months and $9,036 past due with Selene Finance, and is now approved for loan modification.

Three Successful Ocwen loan modifications this week

  • 24 months past due, our client received an astounding $75,542 in principal forgiveness from Ocwen and a monthly payment reduced by $100!
  • Da Bears! Our client in Chicago was approved for a trial mod with Ocwen with more than 55% savings on mortgage payment. 
  • NJ client was seven years behind and $197k past due with Ocwen. Payment lowered by $326, $260,000  of principal deferred!

Two Bayview Loan Modifications that came in this week

  • NJ homeowner $76,474 past due with Bayview approved for trial loan modification with $455 in monthly savings. Great success!
  • Great success! 21 months and $41k past due, Bayview approved our client for an in-house trial mod with $334.00 in monthly savings.

This week's Seterus loan mods

  • Seterus agreed to a trial loan modification for one of our clients seven months behind with $215.00 in monthly savings!
  • Seterus approved another of our clients for a Streamline Trial Modification Plan with a payment cut by $427 per month, and their interest rate cut nearly in half from 7.125% to 3.625%
  • 20 months behind and $43,270 past due to Seterus, our client was approved for a trial modification plan with a $226/month savings.