These results should not be taken as a guarantee, as each case is unique.
$1,548.38 PITI. Borrower was past due $3,096.00 (2 months).
Making Home Affordable 3 month trial plan to modify. New payment is $987.35 PITI. No good faith deposit required.
Previous payment $1,578.22 P&I only. Full payment with taxes and insurance $2,014.72. Two months past due.
New payment $1,382.47 P&I. Full payment with taxes and insurance $1,835.27.
$22,320.53 behind. Sale Date postponed 4x.
New payment $1,053.39 includes escrow. Homeowner is able to keep their home.
PITI $3,993.33, 3 payments behind.
New payment starting August, payment $2,600.00, savings of $1,393.33 per month.
10.00% currently adjusting interest rate, mortgage payment of $934.03 (principal and interest). Laura was also 5 months behind (in Foreclosure) and owed Countrywide $6,246.58 in late fees (which included attorney fees).
9.375% fixed for four years, monthly payment of $893.94 (principal and interest) and past due fees owed to Countrywide were added to the back of the loan.
This loan was an Option ARM 7.875% monthly payment $3270.
Now this loan has a 4.25% fixed rate for 5 years, interest only monthly payment is now $1,370.34.
Previous payment $1,340.
New payment $1,179 after 3 month trial the payment will adjust lower for 5 years.
ARM rate was 5.74%, set to adjust to 9%. Borrower was 3 months behind with monthly, interest-only payments of $1491.86.
Solution is a 3-month trial period of payments (including escrow) of $1265. Estimated new rate 4.87% for 5 years, P&I.
Previous payment $2,075.91 PITI. Borrower was past due over $7,39577 (6 mos.) and in foreclosure.
Making Home Affordable Plan. New payment $1,672.28 (PITI) for 3 months. Plan to modify beginning 7/26/2009, 9/1/2009, 10/1/2009. No good faith deposit required.
Borrower was 10 months past due. Monthly payment of $1,440.80 Principle and interest only, 6.50% interest rate. Property was in foreclosure.
Three month trial plan with PITI payment os $1,002.31, saving the client over $400 per month and now includes taxes and insurance escrow. Final modification will be completed after 3rd payment.
14 Months behind on payments and in foreclosure, owing $15,084.08. PITI Payment was $1,429.41.
Three month trial plan toward a modification with payments of $1,284.83, saving $144.58 per month.
Two months behind. Monthly payment was $3,760.85, 7.875% fixed interest rate.
Three month trial plan with payments of $2,213.77, saving $1,547.08 per month. Wow! Final modification will be completed after 3 payments.
Borrower was 7 months past due with $1,764.25 principal and interest only payments. 8.75% ARM interest.
Granted three month trial plan with payments of $1,364.00 per month, saving $400.25 each month. Full modification will be completed after 3rd payment.
Borrower was 5 months past due on $2,664.88 PITI payments, fixed 6.75% interest rate.
Granted a 3 month trial plan with payments of $1,340.55, which is a monthly saving of $1,324.33. Final modification will be completed after 3rd payment. Wow!