CLIENT/BORROWER: Robert B.
LENDER: Nation Star
ORIGINAL PAYMENT: $996.57
MODIFIED PAYMENT: $538.42/ $594.08
LIFE OF THE LOAN SAVINGS: $154,915.20
TERMS: Approved for Modification. The client was six months behind owing $6,849.90. The Older Higher Interest Rate of 7.375% has been reduced to New Lower Interest Rate of 3.375% until 2015 than interest rate will go up to 4.875%. The client will pay lower payment of $538.42 until 2015 than payment will increase to $594.08. 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: Marion H.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $726.12
MODIFIED PAYMENT: $712.49
SALE DATE: Sale Rescinded (reversed) from 10/13/2009
TERMS: Approved for Work Out Modification and Sale Reversal of Home. The client was nine months behind owing $7,439.73.
MODIFICATION TEAM: Dean Dream Team
| CLIENT/BORROWER: George S.
LENDER: Citi Mortgage
ORIGINAL PAYMENT: $2,185.93/ $309.37
MODIFIED PAYMENT: $2,005.80/ $233.49
MONTHLY SAVINGS: $180.13/ $75.97
LIFE OF THE LOAN SAVINGS: $64,846.80/ $27,349.20
TERMS: Approved for Modification. The client was two months behind on both mortgages owing $4,530.15/ $649.66. The First Mortgage Older Higher Interest Rate of 5.125% has been reduced to New Lower Interest Rate of 4% and the Second Mortgage Higher Interest Rate of 4.78%is going to be interest relief .
MODIFICATION TEAM: Dean Dream Team
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CLIENT/BORROWER: Frank and Mary C.
LENDER: Citi Mortgage
ORIGINAL PAYMENT: $1,380.00
MODIFIED PAYMENT: $1,032.64
MONTHLY SAVINGS: $347.36
LIFE OF THE LOAN SAVINGS: $125,049.60
TERMS: Approved for HAMP Modification. The client was eight months behind owing $11,040.00. 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: Leslie B.
LENDER: EMC
ORIGINAL PAYMENT: $3,587.12
MODIFIED PAYMENT: $2,297.60
MONTHLY SAVINGS: $1,289.52
LIFE OF THE LOAN SAVINGS: $464.227.20
SALE DATE: ON HOLD
TERMS: Approved for Modification. The client was seventeen months behind owing $72,837.13. The new lower first mortgage payment is due on February 1, 2010 and the sale date and foreclosure process have been placed on hold.
MODIFICATION TEAM: Dean Dream Team
| CLIENT/BORROWER: David and Carrissa T.
LENDER: Nation Star
LIFE OF THE LOAN SAVINGS: $95,555.52
TERMS: Approved for STEP RATE Modification. The client was eight months behind owing $10,847.45. Years of 2010-2014 the rate is 2% @ $634.27 savings $423.20, year 2015 rate is 3% @ $691.21 savings $366.26, year 2016 rate is 4% @ $751.31 savings $306.16, year 2017 to life of loan rate is 5% @ $814.09 savings $243.38 versus the old payment of $1,057.47.
MODIFICATION TEAM: Dean Dream Team
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CLIENT/BORROWER: Jorge and Norma A.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,529.08
MODIFIED PAYMENT: $1,258.78
MONTHLY SAVINGS: $241.93
LIFE OF THE LOAN SAVINGS: $87,094.80
TERMS: Approved for Modification. The client was nine months behind owing $11,258.78. The Older Higher Interest Rate of 7.45% will be reduced to New Lower Interest Rate after three month trial period is completed. 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: Kathleen S.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,425.65
MODIFIED PAYMENT: $7623.15
MONTHLY SAVINGS: $663.50
LIFE OF THE LOAN SAVINGS: $238,860.00
SALE DATE: January 13, 2010 ON HOLD (Received file on January 8th, 2010)
TERMS: Approved for Modification. The client was six months behind owing $9,931.08. The Older Higher Interest Rate of 6.5% has been reduced to New Lower Interest Rate of 2%. The client sale date has been placed on hold. 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: Stephen E.
LENDER: Bank of America
ORIGINAL PAYMENT: $6,426.46
MODIFIED PAYMENT: $4,830.33
MONTHLY SAVINGS: $1,596.13
LIFE OF THE LOAN SAVINGS: $574,606.80
TERMS: Approved for MHA (Making Home Affordable Program) Modification. The client was sixteen months behind owing $103,816.02.
MODIFICATION TEAM: Dean Dream Team
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CLIENT/BORROWER: Steve H.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,431.28
MODIFIED PAYMENT: $1,340.40
SALE DATE: February 2, 2010 ON HOLD
TERMS: Approved for Three Month Trial Modification. The client was five months behind owing $20,422.00. The new lower first mortgage payment is due on January 15th, once received the lender will have the sale date and foreclosure process on hold.
MODIFICATION TEAM: Dean Dream Team
| CLIENT/BORROWER: Edwin A.
LENDER: First Franklin
ORIGINAL PAYMENT: $2,027.79
MODIFIED PAYMENT: $936.07
MONTHLY SAVINGS: 1,091.72
LIFE OF THE LOAN SAVINGS: $393,019.20
TERMS: Approved for Permanent Modification from Three Month Trial Modification. The client was eighteen months behind owing 36,500.22. The Old Higher Interest was an adjustable rate last at 9.75% has been reduced to New Lower Fixed Interest Rate of 4.75% for the next five years. The Client successfully completed their three month trial modification payment of $1300.00.
MODIFICATION TEAM: Dean Dream Team
| CLIENT/BORROWER: John and Frank K.
LENDER: ASC
ORIGINAL PAYMENT: $2,102.33/ $522.75
MODIFIED PAYMENT: $1,825.23/ $422.75
MONTHLY SAVINGS: $377.00 Combined 1st and 2nd Mortgage
LIFE OF THE LOAN SAVINGS: $135,720.00 Overall Combined Mortgage Savings
SALE DATE: January 13, 2010 ON HOLD
TERMS: Approved for Repayment Plan Modification. The client was twenty four months behind owing $55,558.25 (first mortgage) and owing $13,566.78 (second mortgage) to lender. The client has to make new payments for one year successfully to be reviewed for long term workout plan. The first payments must be made certified funds.
MODIFICATION TEAM: Dean Dream Team
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CLIENT/BORROWER: John and Jessica R.
LENDER: Citimortgage
ORIGINAL PAYMENT: $909.43
MODIFIED PAYMENT: $877.00
MONTHLY SAVINGS: $35.00
LIFE OF THE LOAN SAVINGS: $12,600.00
SALE DATE: January 13, 2010 ON HOLD
TERMS: Approved for Modification. The client was twelve months behind owing $15,112.43. A down payment of $1,620.13 is due. Lender agreed to splitting down payment over two of client's next two pay period and the new lower first mortgage payment is not due until March 1, 2010 now. The sale date and foreclosure process have been placed on hold.
MODIFICATION TEAM: Dean Dream Team
| CLIENT/BORROWER: Gaston R.
LENDER: ASC
ORIGINAL PAYMENT: $856.68
MODIFIED PAYMENT: $641.35
MONTHLY SAVINGS: $215.33
LIFE OF THE LOAN SAVINGS: $86,878.88
SALE DATE: February 2, 2010 ON HOLD (Original Sale Date of September 1, 2009)
TERMS: Approved for Special Forbearance Modification. The client was eleven months behind owing $9,877.22. The client completed three month trial period and the new permanent lower first mortgage payment is due on February 12, 2010 and the sale date and foreclosure process have been placed on hold.
MODIFICATION TEAM: Dean Dream Team
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