Success Stories
- Short Sale Successes:
$448,000 1st mortgage discounted to $210,000 - a 53% discount!
|
$399,000 in total liens on a condo reduced to $145,765 - a net reduction of 63%!
|
$111,000 lien reduced by 96% to $4,500 in 3 months!
|
- The homeowner was 12 payments behind and we obtained the following loan modification in 60 days with a 27% principal reduction:
| |
PI Payment
|
Interest Rate
|
Amortization
|
Principal
|
Late Fees
|
|
Original
|
$2589.36
|
8.0%
|
30 Years
|
$369,900
|
$60,000
|
|
Modified
|
$1220.20
|
4.8%
|
50 Years
|
$270,000
|
$0
|
|
Reduction
|
$1369
|
3.2%
|
20 + Years
|
$ 99,900
|
$60,000
|
- The homeowner was 10 payments behind and we obtained the following modification:
|
PI Payment |
Interest Rate |
Principal |
|
Original |
$978.14 |
12.30% |
$105,952.06 |
|
Modified |
$373.83 |
4.68% |
$ 69,218.10 |
|
Reduction |
$604.31 |
7.62% |
$ 36,733.96 |
- The homeowner was 8 payments behind and we obtained the following modification with Aurora Loan:
| |
PI Payment |
interest Rate |
Ammortization |
| Original |
$2826.25 |
8.5% |
30 years |
| Modified |
$2350.77 |
6.0% |
40 years |
|
Reduction |
$475.48 |
2.5% |
10 years added |
|
|
