Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 5,000 homeowners, here is one of their stories.
This New Jersey homeowner was picking up the pieces after a divorce and could no longer afford his home. Worse, he missed out on a previous loan modification offer from Bank of America due to confusion about the documents he received. By the time he retained us in June 2013, he was already 39 months behind on his monthly mortgage payment of $2,701.43, and was in grave danger of foreclosure. Who's to say why Bank of America hadn't filed the foreclosure lawsuit yet, but after 3 years of missing mortgage payments, it is inevitable.
Immediately after the homeowner signed his retainer agreement, we began working with him to gather documents that are necessary to create a new loan modification package. This diligent homeowner was so organized that we were able to submit his loan modification package to Bank of America by the start of the following month, July 2013. After 3 months of staying on top of Bank of America's notoriously flaky loan modification department, we obtained a permanent loan modification offer from Bank of America. His payment would be lowered by over $450 monthly to $2,244.48 and his interest rate would be dropped from 5.50% to 4.75%. Best of all, the loan modification took about 3 months to complete, even with Bank of America's terrible record of helping troubled homeowners, and the threat of foreclosure on his home had been completely avoided.