Loan Modification Success Stories


Although loan modification success stories seem far fewer than the loan modification nightmares found online,  we've put together a collection of successful loan modification results below to serve as inspiration and hope for those who are presently in the process of getting their loans modified.

We agree that many homeowners are being ignored, misinformed, getting the runaround, and being outright lied to by bank representatives who don't care about their desperate plight.  It is unfortunate, and we do acknowledge that it is happening.

However, there are many loan modification success stories that we would like to share to inspire those who are still in the process and give those homeowners some ray of hope that a mortgage loan modification is possible and that many have been approved.

Authenticity of our Loan Modification Success Stories


We obtained these success stories from a No Upfront Fee Loan Modification Company who, as you will see, have successfully helped many homeowners save their homes and be able to afford their monthly payments.

Along with the background story and results, a link to a copy of the actual loan modification agreement from the bank is also included so you can see what it actually looks like.  

Many companies publish testimonials on their sites with no proof of its authenticity, so we decided to make sure there is no doubt that the loan modification success stories we are sharing below are in fact real and true.  We asked permission to publish the actual loan modification agreements issued by the banks.  

DISCLAIMER:  No two loan modifications are exactly alike.  There is no guarantee that you will have the same results for your loan modification as the loan modification success stories below.  Please read the case studies below for informational purposes only.

Loan Modification Success Story #1 - Aurora Loan Services Approved October 2010 

Borrower:  CaraXXX
State:        California
Lender:     Aurora Loan Services
Property Type:   Primary Residence
Old Rate:           6.75%
Old Payment:     $2,405.85 (Principal and Interest)
Taxes & Insur:   $395
Arrearages:        $26,464.35

New  Rate and Terms:    Arrearages were added to the principal balance, putting the new balance total at $458,742.44.  Of this total, $162,400.00 was deferred and no interest or monthly payment is required from this amount.  The remainder of the new principal balance, $296,342.44 is what the borrower will make monthly payments on, according to the new payment schedule below:

                                      Step Rate HAMP Program
                                      1st Year - 5th Year = $897.40/month,  2% Int Rate
                                      6th Year                  = $1,042.57/month,  3% Int Rate
                                      7th Year                  = $1,195.81/month,  4% Int Rate
                                      8th Year - 40th Yr   = $1,335.34/month,  4.875% Int Rate

Hardship:  The borrower experienced financial hardship due to loss of income because the construction industry went into a slump.  In addition, his roommate who rented a room at his house moved out.  The combination of the decrease in his work hours and the loss of rental income eventually caused him to default on his mortgage payments.  

The borrower hired this No Upfront Fee Loan Modification Company to process his documents, analyze his financials, submit to the lender, and negotiate on his behalf.

Credit repair and unsecured debt restructuring services offered by the same loan modification company should help this client get back on track.

Click to View Actual Loan Modification Agreement Here


Loan Modification Success Story #2 - Wachovia  Mortgage Approved October 2010 

Borrower:  YepXXX
State:        California
Lender:     Wachovia Mortgage
Property Type:   Primary Residence
Old Rate:           Option Arm Minimum Payment
Old Payment:     $841.41 (Minimum Payment)
Taxes & Insur:   $175 ( Property Taxes and Insurance)
Arrearages:  $5,048.46 - Borrower was 5 Months Delinquent

New  Rate and Terms:    Arrearages were added to the principal balance, and the principal was reduced, interest rates per HAMP step up program, and term extended to 40 years.  See below.

Principal Reduction:  $32,068.87

New Loan Amount:  $146,082.38

                                      Step Up Rate HAMP Program
                                      1st Year - 5th Year = $521.93/month,  2% Int Rate, PITI
                                      6th Year                  = $405.53/month,  3% Int Rate, (P&I Only)
                                      7th Year                  = $465.14/month,  4% Int Rate, (P&I Only)
                                      8th Year - 40th Yr   = $488.04/month,  4.37% Int Rate, (P&I Only)

Hardship:  The borrower had a Negative Amortization, Option Arm Loan, which was setup to adjust yearly for five years.  On the 5th year, the loan was to due to recast, causing the payment to increase tremendously.   In August 2010, the borrower was given a 3-month trial modification.  During the trial period, the loan modification company's negotiators were able to submit new information regarding the borrower's further hardship, providing financial statements as proof.  There was no change in the client's income or expenses during the time of the trial modification.

The borrower hired this No Upfront Fee Loan Modification Company to process his documents, analyze his financials, submit to the lender, and negotiate on his behalf.

Credit repair and unsecured debt restructuring services offered by the same loan modification company should help this client get back on track.

Click to View Actual Loan Modification Agreement Here

Many more to follow shortly.....



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