Case Results

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Highlights of some of our successful foreclosure defense and loan modifications: Each case is a real case involving a client in or about to be foreclosed on. In ALL cases the foreclosure was stopped.

1. Case No. 34937
Date loan modification agreed to by client: 2/17/2015.
Loan Servicer or Lender: Wells Fargo Bank, N.A.
Amount owed on loan with arrears at the time of foreclosure workout: $944,011.33.
Loan reduced to: $661,250.00.
Amount of debt wiped out (forgiven, also known as principal reduction) $282,761.33.
New interest rate: 4.75% fixed interest rate for 23 years(reduced from 6%)
Arrears put at the end of the loan.

2. Case No. 34754:
Date loan modification agreed to by client: 04/27/2014
Loan Servicer or Lender: Ocwen Loan Servicing, LLC.
Amount owed on loan with arrears at the time of foreclosure workout: $385,479.89
Amount of debt wiped out (forgiven, also known as principal reduction) $44,948.44
New interest rate: 2% fixed interest rate for 19 years (reduced from 8%).
Arrears put at the end of the loan.

3. Case No. 33713
Date loan modification agreed to by client: 09/13/2014
Loan Servicer or Lender: JP Morgan Chase Bank, N.A.
Amount owed on loan with arrears at the time of foreclosure workout: $418,802.74.
New interest rate: 2% for 5 years; 3% for 1 year, 4% for 1 year, 4.125% for 13 years. (reduced from 6.125%)
Arrears put at the end of the loan.

4. Case No. 28285
Date loan modification agreed to by client: 12/2/2013
Loan Servicer or Lender: Bank of America, N.A.
Amount owed on loan with arrears at the time of foreclosure workout: $761,945.73.
Loan reduced to: $661,250.00.
Amount of debt wiped out (forgiven, also known as principal reduction) $290,806.73.
New interest rate: 6.875% fixed interest rate for 25 years
Arrears put at the end of the loan.

5. Case No. 29383
Date loan modification agreed to by client: 02/03/2012
Loan Servicer or Lender: JP Morgan Chase Bank, N.A.
Amount owed on loan with arrears at the time of foreclosure workout: $639,047.08
Monthly Mortgage payment at time of foreclosure: $3,977.07
New monthly mortgage payment: $2621.36
New interest rate: 3.875% for 5 years; 4% for 20 years. (reduced from 6.625%)
Arrears put at the end of the loan.

6. Case No. 30146
Date loan modification agreed to by client: 09/28/2012
Loan Servicer or Lender: Bayview Loan Servicing, LLC.
Amount owed on loan with arrears at the time of foreclosure workout: $447,306.65.
Amount of debt wiped out (forgiven, also known as principal reduction): $25,000.00
New interest rate: 2% for 5 years; 3% for 1 year, 3.625% for 34 years.
Arrears put at the end of the loan.

7. Case No. 25225
Date loan modification agreed to by client: 10/22/2012
Loan Servicer or Lender: JP Morgan Chase Bank, N.A.
Amount owed on loan with arrears at the time of foreclosure workout: $537,744.45
Monthly Mortgage payment at time of foreclosure: $3,479.27
New monthly mortgage payment: $678.46
New interest rate: 2% for 5 years; 3% for 1 hear, 3.5% for 18 years (reduced from 7.125%)
Arrears put at the end of the loan.

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