Foreclosure and Loan Modification Blog

Successful Loan Modification Roundup Week Of 4/28/17

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 with Nationstar, Ocwen, and Selene:

Nationstar

104 months (8 years) and $235,000 past due on their mortgage, our Nationstar client is happy as you please to have a 3 month trial loan modification plan and opportunity to keep their home!

Loan modification denied because of “complete” application scam?

Loan modifications, which involve a permanent change to one or more of the terms of a mortgage, are often the only means homeowners who've fallen behind on their mortgage have to save their home. But they are quite difficult to get, and sometimes the bank denies that they've received a complete loan modification application, depriving the homeowner of vital protections against foreclosure.

To be eligible for a loan modification, a package called a Request for Mortgage Assistance, or RMA, must be submitted to the mortgage servicer. The RMA includes tax and income documents as well as an affidavit explaining the hardship that caused the default.

Your mortgage company is not supposed to move forward with foreclosure when you have a complete loan modification application accepted and under review. Doing so would be engaging in something called dual-tracking, which is prohibited by mortgage servicing rules from the Consumer Financial Protection Bureau (CFPB).

[fa icon="clock-o"] Tuesday, April 25, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] loan modification, Scam Alert, foreclosure, foreclosure fraud

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.

PNC

Our PNC Bank client was 32 months and $28,246.81 past due on adjustable rate mortgage with a sale date set, now she has a permanent loan modification with low 2% fixed interest rate and $185.36 cheaper monthly payment!

Successful Loan Modification Roundup Week of 4/14/17

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.

SLS

15 months and $39,752 past due on mortgage payments to SLS, our client now has a 3 month in-house trial loan modification plan with $540.82 monthly savings!

Successful Loan Modification Roundup Week of 4/7/17

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.

PNC

PNC Bank client was 6 months and $14,015 past due on mortgage, but now has a 3 month in-house trial loan modification plan with $132.69 cheaper payment!

Successful Loan Modification Roundup Week of 3/31/17

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.

Nationstar

Final in-house loan modification, with $218 lower monthly payment and lower interest rate, approved for our Nationstar client who was past due $29,994 on their mortgage.

Successful Loan Modification Roundup Week Of 3/24/17

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.

Caliber

Our Caliber client was 24 months and $79,881 past due on mortgage payments, but now has a final in-house loan modification with $689 cheaper monthly payment and $72,177.15 non-interest deferred amount!

Is Unclean Hands An Effective Defense Against Foreclosure?

Our firm recently received a question from a homeowner in Pennsylvania who wanted to know if he could use an unclean hands defense to avoid foreclosure, and if he could he sue his bank?

Unclean Hands

First, what is an unclean hands defense?

An unclean hands defense is when one party in a lawsuit didn't wash their hands before coming into court and gets dirt all over the legal documents and the judge throws the case out. Precedent for the unclean hands defense was established in 1975 with the landmark Pigpen v. Wells Fargo case, which went all the way to the supreme court.

[fa icon="clock-o"] Monday, March 20, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] loan modification, foreclosure defense attorney, foreclosure fraud, unclean hands

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.

SPS

10 months past due on mortgage payments to SPS, our client now has a final in-house loan modification with $60.63 cheaper payment!

Loan Modification Saves NJ Homeowner From M&T Bank Foreclosure

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here is one of their stories.

In January of 2016, a homeowner I'll call Pablo Iglesias (to protect his privacy) retained Amerihope Alliance Legal Services for foreclosure defense and loan modification assistance in order to keep his Bergen County, NJ home.

His servicer and lender are Hudson City Savings Bank, and M&T Bank is the investor in his loan. Iglesias was 15 months and $79,642 past due on his $5,137 a month mortgage payment. He had an unpaid principal balance of $664,000, and an interest rate of 6.625%.

Foreclosure and Loan Modification Blog

Successful Loan Modification Roundup Week Of 4/28/17

Nationstar

Loan modification denied because of “complete” application scam?

Successful Loan Modification Roundup Week of 4/21/17

PNC

Successful Loan Modification Roundup Week of 4/14/17

SLS

Successful Loan Modification Roundup Week of 4/7/17

PNC

Successful Loan Modification Roundup Week of 3/31/17

Nationstar

Successful Loan Modification Roundup Week Of 3/24/17

Caliber

Is Unclean Hands An Effective Defense Against Foreclosure?

Unclean Hands

Successful Loan Modification Roundup 🍀 Week Of 3/17/17

SPS

Loan Modification Saves NJ Homeowner From M&T Bank Foreclosure

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