Foreclosure and Loan Modification Blog

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.

When this Illinois homeowner retained us in June 2013, he was over 2 years behind on his $1,100 monthly mortgage payment to Ocwen. The interest rate on that loan was an astronomical 11.60%. He had just been served foreclosure in April, and did the right thing by responding within the 30 day response period. This way, his house would not be fast-tracked toward a foreclosure sale date.

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.

Imagine if you had hired a law firm to help you save you and your family's home, but that law firm ended up splitting up and forgetting about your case. This homeowner faced that exact situation, and needed reliable help to help him ensure that his home stayed in hiMortgage s possession.

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.

Many people who were on the outside looking in at the foreclosure crisis didn't understand that many peoples situations were seemingly made worse by attempting to rectify their situation with their banks. This is probably why Washington never came up with an adequate solution to the foreclosure crisis.

Stop. Hammer-time! On the Sale Date

Consider the case of this homeowner- he had been fighting for a loan modification on his own for years prior to retaining us. Two years prior, he had lost his job and attempted to get a loan modification on his family's home, because he couldn't afford his mortgage payment, which was nearly $3500 each month. He was granted a pre-modification trial payment plan. He made the trial payments, but his bank, Wells Fargo, said he owed too much on the property for them to complete a loan modification. Afterward, Wells Fargo suggested that he try a modification again, but his house was actually sold via foreclosure auction when his modification documents did not arrive in time (the sale was rescinded afterward). By the time he retained us (April 2012) another sale date was already set on his house and he was tired of handling the situation on his own.

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.

Sometimes with our crazy work schedules and other obligations, it almost seems like it would be impossible for us to deal with any additional stress. That's what banks depend on when your home is in foreclosure- taking the necessary steps to get a loan modification on your own is almost a full-time job in itself, which is why homeowners should hire a law firm that works with foreclosure defense and loan modification if they wish to save their homes.

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.

If bad lending and greed made the foundation the foreclosure crisis was built upon, then its two pillars were long-term unemployment and footdragging by the banks. This homeowner and his wife had experienced all of these aspects of the foreclosure crisis, but with our help, they were able to right their lives again and get back on track to a bright financial future.

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.

One of the biggest public misconceptions at the beginnings of the foreclosure crisis was that banks were well-equipped to handle loan modifications. Perhaps even the banks themselves believed this, because it has taken them years to even slightly improve their loan modification processes. The ineptitude of the loan modification departments at major banks has been well-documented, and has resulted in many homeowners losing their homes.

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.

Would you believe that there are actually critics who blame homeowners for the foreclosure crisis? These critics are so detached from real life that they forget to project a human face onto the numbers. Nobody wants to lose their home to foreclosure; the foreclosure crisis was comprised of a lot of people who faced extenuating circumstances (including unfair mortgage lending) that caused them to lose their homes.

Several Hardships Led to Foreclosure

The New York homeowner in our story certainly faced extenuating circumstances of his own. His family had faced death within the family, and was also enduring the financial effects of serious extended sickness. He was no longer able to pay his $786 payment to GMAC (his loan was eventually sold to Ocwen Financial) on his home that he and his wife shared, and was over 8 months behind and far into the foreclosure process by the time he and his wife retained us.

As if to add insult to injury, the homeowner's interest rate was an astronomical 9.0% (his home loan was one of the infamous adjustable-rate loans that played a large part in starting the mortgage crisis), and the homeowner had been planning to retire in early 2013 for years; this now seemed like a bleak prospect. The homeowner retained us in late 2012, and our home retention department began working with he and his wife to compile a loan modification package. Simultaneously, our legal team began to prepare a legal defense for the homeowner.

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.

Imagine being confronted with the prospect of losing your home in foreclosure. Now imagine having to deal with that financial pressure and the pressures that come with having a newborn baby. This is what our client was faced with, and was able to eventually overcome, thanks to Amerihope Alliance Legal Services.

When this client retained us in May 2013, she had already tried working with other law firms who simply weren't able to solve her situation. She was already 4 and a half years behind on paying her $1,750 mortgage payment to Flagstar Bank, and was in active foreclosure. This presented a unique challenge, as our team did not only have to clean up the mess left behind by the previous law firms, but we also had to work on preparing a great loan modification package for the client.

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.

Like many other households, one Pennsylvania household had suffered a lot over the past several years. The economy had taken a major toll on the life of their family. Both the husband and wife had lost their jobs in the late '00s, and they had never quite been able to get back on their feet, even after going through bankruptcy. The last thing they wanted to do was to lose their family's beautiful home because they couldn't pay their $2,000 monthly mortgage payment to Chase, or their $2,000 secondary mortgage payment to Sekure Mortgage (SFC). They had already tried to get a loan modification on their own when paying the mortgage became a bit too hard, but were unsuccessful in that endeavor, as were many other homeowners.