These results should not be taken as a guarantee, as each case is unique.
Monthly payment with principal, interest and insurance $3,561.13 with 11.550% ARM interest, 9 months past due, with a scheduled sale date.
New monthly payment $2,193.21 (PITI), with fixed 6.00% interest rate for life of the loan, saving $1368 per month.
Monthly payment $1,924.01, with $42,763.00 past due.
Three month reinstatement plan with payments of $1,924.01, $1,209.05 and $1,209.05 during modification to show borrower's good faith.
Borrower is 6 months behind, with monthly PITI payments of $1,552.09, 9.6% fixed interest rate, with $8,062 past due. Loan balance is $145,256.20.
New monthly payment is ZERO ($0). SPS has accepted a settlement in the form of one $3,500 payment. Borrower no longer has to pay their mortgage. Wow!
Borrower was 8 months behind with monthly P&I payments of $1,374.39 with 9.125% fixed interest rate. Taxes and insurance were $769.15 monthly for total monthly payments of $2,143.54. Borrower was $12,862.95 past due.
Borrower was offered a special forbearance plan with 3 month payments of $1,374.39.
SPS offered to settle the loan, with balance of $176,392.70 for $63,000.00. Customer chose this instead of the modification. Borrower will no longer have a mortgage on their property! New monthly payment is $0.00.