CLIENT/BORROWER: Russell and Anne M.
LENDER: Greentree
ORIGINAL PAYMENT: $1,517.84
MODIFIED PAYMENT: $932.89
MONTHLY SAVINGS: $584.95
LIFE OF THE LOAN SAVINGS: $210,582.00
SALE DATE: January 5, 2010 ON HOLD
TERMS: Approved for Traditional Modification. The client was eight months behind owing $12,142.72. The maturity of the loan date has been extended to include the Client's the ten month past due balance.
MODIFICATION TEAM: Dean Dream Team
| CLIENT/BORROWER: John and Tina B.
LENDER: Citi Financial
ORIGINAL PAYMENT: $1,297.19
MODIFIED PAYMENT: $1,175.75
MONTHLY SAVINGS: $179.44
LIFE OF THE LOAN SAVINGS: 65,594.40
SALE DATE: WAS October 22, 2009 Was STOPPED. Received file on October 7, 2009
TERMS: Approved for Traditional Modification. The client was nine months behind owing $11,674.71. The Older Higher Interest Rate of 9.24% has been lowered to 5.8%.
MODIFICATION TEAM: Dean Dream Team
| CLIENT/BORROWER: Jeremy S.
LENDER: Homecoming
ORIGINAL PAYMENT: $2,208.43
MODIFIED PAYMENT: $1,294.10
MONTHLY SAVINGS: $914.33
LIFE OF THE LOAN SAVINGS: $329,158.80
SALE DATE: January 31, 2010 ON HOLD
TERMS: Approved for Forbearance to Modification. The client was twenty four months behind owing $52,440.77. The Older Higher Interest Rate of 11.361% is still being negotiate to lower rate for new modification starting in April after three month forbearance is successfully completed. Payment is due January 1, 2010. There is no grace period.
MODIFICATION TEAM: Dean Dream Team
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CLIENT/BORROWER: Daniel and Heidi B.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $1,334.52
MODIFIED PAYMENT: $1,108.31
MONTHLY SAVINGS: $226.21
LIFE OF THE LOAN SAVINGS: $81,435.60
TERMS: Approved for HAMP Modification. The client was five months behind owing $6,937.24. The Older Higher Interest Rate of 5.65% has been lowered to 2%. The maturity of the loan date has been extended to include the Client's the five month past due balance.
MODIFICATION TEAM: Dean Dream Team
| CLIENT/BORROWER: Ken and Elaine R.
LENDER: Huntington
ORIGINAL PAYMENT: $2,058.89
MODIFIED PAYMENT: $1,430.90
MONTHLY SAVINGS: $627.99
TERMS: Approved for Step Rate Modification. The client was past due owing $4,070.19.
MODIFICATION TEAM: Dean Dream Team
| CLIENT/BORROWER: Kathy E.
LENDER: ASC
ORIGINAL PAYMENT: $1,623.32/ $605.83
MODIFIED PAYMENT: $1,321.70/ $382.27
MONTHLY SAVINGS: $301.62/ $223.56
LIFE OF THE LOAN SAVINGS: $108,583.20
LIFE OF THE LOAN SAVINGS 2: $80,481.60
TERMS: Approved for Traditional Modification. The client was five months behind owing $8,322.69. The Older Higher Interest Rate of 6.95% has been lowered to 3.51%. The maturity of the loan date has been extended to include the Client's the five month past due balance. The second mortgage was also approved for a modification. The client was six months behind owing $3,710.58. The Old Higher Interest Rate of 10.75% was lowered to 4.875%.
MODIFICATION TEAM: Dean Dream Team
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CLIENT/BORROWER: Steven and Jodi P.
LENDER: Ocwen
ORIGINAL PAYMENT: $1,435.56
MODIFIED PAYMENT: $1,353.83
MONTHLY SAVINGS: $81.73
TERMS: Approved for Traditional Modification. The client was three months behind owing $4,700.00. The Older Higher Interest Rate of 8.9% has been lowered to 1%. The maturity of the loan date has been extended to include the Client's the past due balance and a down payment of $1,435.56 is due with signed agreement.
MODIFICATION TEAM: Dean Dream Team
| CLIENT/BORROWER: Billy D.
LENDER: GMAC
ORIGINAL PAYMENT: $982.99
MODIFIED PAYMENT: $899.33
MONTHLY SAVINGS: $83.66
LIFE OF THE LOAN SAVINGS: $30,117.60
SALE DATE: January 15, 2010 ON HOLD
TERMS: Approved for Traditional Modification. The client was five months behind owing $8,023.16. The maturity of the loan date has been extended to include the Client's the five month past due balance.
MODIFICATION TEAM: Dean Dream Team
| CLIENT/BORROWER: Thomas V.
LENDER: Saxon
ORIGINAL PAYMENT: $1,792.43
MODIFIED PAYMENT: $1,128.88
MONTHLY SAVINGS: $663.55
LIFE OF THE LOAN SAVINGS: $238,878.00
SALE DATE: January 5, 2010 ON HOLD
TERMS: Approved for Traditional Modification. The client was thirteen months behind owing $23,813.00. The Older Higher Interest Rate of 10% has been lowered to 4.5%. The lender is requiring a down payment of $3,963.15 by January 15, 2010 and new lower mortgage payment will not be due until March 1, 2010.
MODIFICATION TEAM: Dean Dream Team
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CLIENT/BORROWER: Edwin and Angela A.
LENDER: Wilshire
TERMS: The client was thirteen months past due and lender said file was charged off. The file was saved and past due is put on hold but due to financial the client has to make their normal loan payment for six months and then will be reviewed for work out plan.
MODIFICATION TEAM: Dean Dream Team
| CLIENT/BORROWER: Chad H.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,835.93
MODIFIED PAYMENT: $1,600.96
MONTHLY SAVINGS: $234.97
TERMS: Approved for Modification with the Old Higher Interest Rate of 5.3% been reduced to the New Lower Interest of 2.3%. The Client is seven months behind owing $10,043.55.
MODIFICATION TEAM: Dean Dream Team
| CLIENT/BORROWER: Larry S.
LENDER: Chase
TERMS: Approved for Repayment Plan. The client was behind five months owing a past due owing $6,455.22. The new payment is due on January 4, 2010 with a down payment of $500.00. The payment was not lowered due to financial but the back balance is now taken care of.
MODIFICATION TEAM: Dean Dream Team
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CLIENT/BORROWER: David and Dawn F.
LENDER: Bank of America
ORIGINAL PAYMENT: $2,239.23
MODIFIED PAYMENT: $1,257.75
MONTHLY SAVINGS: $981.48
LIFE OF THE LOAN SAVINGS: $353,333.80
SALE DATE: January 4, 2010 ON HOLD
TERMS: Approved for Traditional Modification. The client was six months behind owing $14,620.42. The maturity of the loan date has been extended to include the Client's the six month past due balance.
MODIFICATION TEAM: Dean Dream Team
| CLIENT/BORROWER: James and Jeanine R.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $1,420.18
MODIFIED PAYMENT: $1,312.42
MONTHLY SAVINGS: $107.76
TERMS: Approved for Trial Modification. The client was five months behind owing $7,271.30. The Client's first payment is due by December 24, 2009. They were not approved for the date to be pushed back due to six previous work options in the past.
MODIFICATION TEAM: Dean Dream Team
| CLIENT/BORROWER: Eugene M.
LENDER: HSBC
ORIGINAL PAYMENT: $1,867.98
MODIFIED PAYMENT: $1,767.98
MONTHLY SAVINGS: $100.00
LIFE OF THE LOAN SAVINGS: $36,000.00
TERMS: Approved for Traditional Modification. The client was three months behind owing $5,781.61. The Older Higher Interest Rate of 5.95% has been reduced to the New Lower Rate of 5.095%. The maturity of the loan date has been extended to include the Client's the ten month past due balance.
MODIFICATION TEAM: Dean Dream Team
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CLIENT/BORROWER: Aldo M.
LENDER: WAMU
ORIGINAL PAYMENT: $1,200.00
MODIFIED PAYMENT: $946.92
MONTHLY SAVINGS: $253.80
LIFE OF THE LOAN SAVINGS: $91,108.80
TERMS: Approved for HAMP Modification. The client was ten months behind owing $12,503.50. The Older Higher Interest Rate of 10% has been lowered to 4.5%. The maturity of the loan date has been extended to include the Client's the ten month past due balance.The lender is not requiring a down payment and the new lower mortgage payment will not be due until February 1, 2010.
MODIFICATION TEAM: Dean Dream Team
| CLIENT/BORROWER: Alfredo and Maria S.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $1,588.74
MODIFIED PAYMENT: $597.57
MONTHLY SAVINGS: $991.10
TERMS: Approved for Work Out Plan. The client was two months past due owing $3,141.03. For the next four months client will pay $597.57 with the client's first new lower payment due on January 8, 2010.
MODIFICATION TEAM: Dean Dream Team
| CLIENT/BORROWER: Myron and Dorothy M.
LENDER: Aurora
SALE DATE: March 4, 2010
TERMS: Approved for Mortgage Payoff Plan. The client was past due owing $4,070.19. The lender is approving the client to pay off second mortgage of $51,469.22 in the amount of $1,544.08 and will be considered paid in full.
MODIFICATION TEAM: Dean Dream Team
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