Our Rushmore client was $37,929.55 past due on her mortgage and in active foreclosure. Now, after completing her 3 month trial plan, she has gigantic savings of $763.79 on her monthly mortgage payment and a lower interest rate through a great permanent loan modification we helped obtain! Next step: foreclosure dismissal.
The stakes are very high when fighting foreclosure, and disaster is often only narrowly averted. It's a challenge to deal with the courts, the banks and their attorneys, and get the best results. But an experienced professional can help you do just that.
A recent case, for clients I'll call the Bello sisters to protect their privacy, illustrates this well.
The Bellos are immigrants from Africa who own a home together in New Jersey. They were working hard trying to realize the American dream when a loss of income caused them to default on their mortgage payments to PHH Mortgage.
Since New Jersey is a judicial foreclosure state, they were served a summons and complaint, officially putting them into foreclosure. PHH hired an attorney to handle the case and try to take the Bello's home from them.
ATTOM Data Solutions has released its April 2017 U.S. Foreclosure Market Data report, which shows that April's foreclosure activity is the lowest since November 2005.
In April 2017 there were 77,049 foreclosure filings, which is a drop of 7% from the month before and a decline of 23% from a year ago. A foreclosure filing includes default notices, scheduled auctions, and bank repossessions.
The good performance of mortgages originated over the last seven years is a big part of the reason for foreclosure filings continuing to drop, ATTOM says. They do, however point to an issue with repeat foreclosures “on homeowners who often fell into default several years ago but have not been able to avoid foreclosure despite the housing recovery.”
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 Ocwen:
4 months and $15,321 past due on mortgage, our Ocwen client is now approved for a 3-month in-house trial loan modification with massive monthly savings of $655.73!
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 Bayview and a repayment plan with SPS:
Our Bayview Loan Servicing client was $12,123.66 past due on their mortgage, but now has a trial loan mod with $56.85 cheaper payment! The first of three payments is due June 1, and we anticipate a final loan modification to be in writing by September.
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:
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!
Amerihope Alliance Legal Services is a leading loan modification and foreclosure defense law firm with attorneys licensed in 5 states. We have helped over 7,000 homeowners fight back and keep their homes.
Our goal is to provide valuable information to help homeowners who are trying to obtain a loan modification or to stop foreclosure. You may schedule a free consultation at any time.
