Examples

Some examples of loan modifications.

-Currently behind on mortgage payments @7.95% adjustable. Negotiated offer – 3.95% fixed for 3 years.

-Currently in NOD with a sale date, behind over $17,000, principle balance $385,772. Negotiated offer – 7.12% 2yr extension to new rate. new principle balance of $330,000 (lender waived over $55,000 in principle balance + lates)

-Currently behind over $21,000, 9.625% adjustable rate. Negotiated offer – 7.00% until maturity date (2036) with only $5,160 requested from client. (Over $15,000 forgiven)

-Currently 9.25% adjustable rate. Negotiated offer – 6.95% 5yr fixed

-Currently 9.95% adjustable rate. Negotiated offer – 6.25% 5yr fixed

Currently in pay option arm, with notice of default. Negotiated offer – locked min payment 3.25% towards principle and interest. four year fixed.

-Currently behind one month, high adjusting rate principle balance of over 75k. Negotiated offer – rate reduction to 2%, three year fixed. Principle reduction down to $51,334 (Lender waived over $23k in principle balance)