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ACTUAL CASE
Mr. Walfield was $12,206 dollars behind in payments and owed
$3599 in back taxes. Penalties and interest brought the total
to $17,400.
We negotiated the $17,400 in
back payments into the loan (capitalize) and reduced the
interest rate down to 3.5%.
Mr. Walfield was within 60 days of losing his home when he
signed up for our services.
 see
testimonials |
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Testimonials
 Mr.
Walfield was behind on his mortgage payments a total of
$17,400 which included $3599 in back taxes. His lender did not
offer any loan modification plan other than to pay the
arrearage in full.
We submitted a current market analysis showing the lender how
much they would lose in a foreclosure, we negotiated to
capitalize the back payments and the lender offered a 3.5%
fixed rate. See the full
plan.Mr. Walfield,
Somersworth NH |
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 Mr.
Davidson lost his job and it was six months before he found
employment. By this time Mr. Davidson was $20,076 behind on
his mortgage payments with no hope in paying both the regular
mortgage and the back payments. The lender had filed
foreclosure papers and offered no options other than to pay
the arrearage in full to avoid foreclosure.
We negotiated with the lender to
capitalize, which simply means taking the amount owed and
adding it to the loan so he would not have to pay the $20,076
separately. We then got the lender to agree to a graduated
interest rate starting at 3.0%. Without our help Mr. Davidson
had no way of saving his property from foreclosure.
click to see the modification.
Mr. Davidson, Naples Florida |
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 Miss
Lee and her sister purchased a home in California right
before the drop in prices. Although Miss Lee had a 780
credit score she ended up with an adjustable rate
mortgage. Three years later, the property was upside down
in value by a considerable amount.
Miss Lee's income dropped in
2008 and needed help. We negotiated a principal balance
reduction and the lender changed the ARM to a fixed
interest rate of 4.0%. Miss Lee's payments went from
$2,878.00 per month down to $1,680.00 per month. A savings
of $14,376 per year and a five year savings of $71,880.
Miss Lee, Sonoma CA |
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