November 2, 2009
CLIENT/BORROWER: Carmen and Kathleen
LENDER: Bank of America
ORIGINAL PAYMENT: $2,418.14
MODIFIED PAYMENT: $2,014.07
MONTHLY SAVINGS: $404.10
FIVE YEAR MODIFICATION PLAN TOTAL SAVINGS: $24,246.00
TERMS: Approved for five year MHA modification. Spoke to Joel ID # 9636 at lender. Original interest rate was 8.125% to the new interest rate of 4.875%. The client had a past due balance of $7,365.27 that is rolled back into the loan and into the new lower payment.
MODIFICATION TEAM: The Mod Squad
| November 2, 2009
CLIENT/BORROWER: Lisa and David
LENDER: DCU
ORIGINAL PAYMENT: $400.00
MODIFIED PAYMENT: $200.00
MONTHLY SAVINGS: $200.00
TWO YEAR MODIFICATION PLAN TOTAL SAVINGS: $4,800.00
TERMS: Approved for two year modification on their second mortgage. Original interest rate was 5.875% to the new interest rate of 2%.
MODIFICATION TEAM: The Mod Squad
| November 2, 2009
CLIENT/BORROWER: Louise
LENDER: Wells Fargo
ORIGINAL PAYMENT: $2,320.58
MODIFIED PAYMENT: $1,078.86
MONTHLY SAVINGS: $1,241.7
LIFE OF LOAN SAVINGS: $388,389.60
TERMS: Approved for President Obama's HAMP Program. Spoke with Sal ID# 15099. The Client was four months behind owing $9,069.90. The lender is not requiring a down payment and the first payment is due December 11, 2009.
MODIFICATION TEAM: The Dean Dream Team
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November 2, 2009
CLIENT/BORROWER: Nadia
LENDER: Chase
ORIGINAL PAYMENT: $2,269.28
MODIFIED PAYMENT: $1,701.88
MONTHLY SAVINGS: $567.40
THREE MOPNTH MODIFICATION PLAN TOTAL SAVINGS: $2,269.28
TERMS: Approved for Three Month Trial MHA Modification. The Client will be reviewed for more permanant modification after three month lower payments are completed.
MODIFICATION TEAM: The Mod Squad
| November 3, 2009
CLIENT/BORROWER: Luis C.
LENDER: ASC
ORIGINAL PAYMENT: $2,471.33
MODIFIED PAYMENT: $1,432.59
MONTHLY SAVINGS: $1,038.74
LIFE OF LOAN SAVINGS: $373,946.40
TERMS: Approved for President Obama's HAMP Program. Spoke with Rachel ID# OPD. The Client was nine months behind owing $23,971.64. The lender is not requiring a down payment and the first payment is due December 1, 2009.
MODIFICATION TEAM: The Dean Dream Team
| November 3, 2009
CLIENT/BORROWER: Walter and Vickie
LENDER: Morequity Inc.
ORIGINAL PAYMENT: $
MODIFIED PAYMENT: $1,078.86
MONTHLY SAVINGS: $1,241.72
TWO YEAR MODIFICATION PLAN TOTAL SAVINGS: $388,389.60
TERMS: Approved for President Obama's HAMP Program. Spoke with Sal ID# 15099. The Client was four months behind owing $9,069.90. The lender is not requiring a down payment and the first payment is due December 11, 2009.
MODIFICATION TEAM: The Dean Dream Team
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November 3, 2009
CLIENT/BORROWER: Dee B.
LENDER: HSBC
ORIGINAL PAYMENT: $1252.00
MODIFIED PAYMENT: $692.34
MONTHLY SAVINGS: $599.66
SIX Month MODIFICATION PLAN TOTAL SAVINGS: $3,357.96
TERMS: Approved for Six Month Trial Modification with No Down Payment. The Old Interest Rate of 9.35% will be dropped down to the new Lower Interest Rate of 5.25%. The Client will be reviewed for an extension after five months but HSBC does not offer permanent modification.
MODIFICATION TEAM: The Dean Dream Team
| November 4, 2009
CLIENT/BORROWER: Audrey H.
TERMS: We are posting this result in attempt to locate this homeowner. This home went to auction on 7/1/2009 and it should not have gone to auction because it was in review. The NFC Group after months of going back and forth with the attorney's office and lender the home was successfully redeemed on 10/16/2009. However we have not been able to reach the client. Currently the home is stable and in review for modification.
MODIFICATION TEAM: The Dean Dream Team
| November 4, 2009
CLIENT/BORROWER: Mark S.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $1,753.00
MODIFIED PAYMENT: $1,612.48
MONTHLY SAVINGS: $140.52
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $421.56
TERMS: Approved for Three Month Forbearance. The Client will be reviewed for a more permanent modification after the trial period.
MODIFICATION TEAM: The Mod Squad
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November 4, 2009
CLIENT/BORROWER: Judy K.
LENDER: AHMSI
ORIGINAL PAYMENT: $678.61
MODIFIED PAYMENT: $625.47
MONTHLY SAVINGS: $53.14
LIFE OF LOAN SAVINGS: $19,130.40
TERMS: Approved a traditional modification with no down payment. The Client was eleven months behind owing $7,464.71. Spoke with Heather ext 4331 and the Client Old Interest Rate of 7% has been dropped down to the Lower Interest Rate of 5.5%.
MODIFICATION TEAM: The Dean Dream Team
| November 4, 2009
CLIENT/BORROWER: Susan and Clark
LENDER: Mortgage Service Center
ORIGINAL PAYMENT: $1,462.13
MODIFIED PAYMENT: $1,246.91
MONTHLY SAVINGS: $215.22
LIFE OF LOAN SAVINGS: $77,479.20
TERMS: Approved for Traditional Modification. Spoke with Gerald ID# LYB. The Client was past due owing $8,002.41 that is now being added to the back of the loan extending the last payment date to 12/1/2039. The Old Higher Interest Rate was 7.25% and was dropped down to New Lower Interest Rate of 5.3%. The Old Principal Balance was $113,686.36 to the new Modified Principal Balance of $121,689.36
MODIFICATION TEAM: The Mod Squad
| November 4, 2009
CLIENT/BORROWER: Brandi and Matthew
LENDER: Countrywide (Bank of America)
ORIGINAL PAYMENT: $2,133.45
MODIFIED PAYMENT: $1,901.78
MONTHLY SAVINGS: $231.67
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $695.01
TERMS: Approved for Three Month Trial MHA modification and will be removed from foreclosure status as soon as first new payment is received. Spoke with Rose ext. 8220 and let her know the Client is not happy with trial modification payment and is hoping for lower payment. The Client is in review for a more permanent modification.
MODIFICATION TEAM: The Mod Squad
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November 4, 2009
CLIENT/BORROWER: Judy
LENDER: American General
ORIGINAL PAYMENT: $904.80
MODIFIED PAYMENT: $726.04
TWO MONTH SAVINGS: $357.52
TERMS: Approved for Two Month Demonstration Modification with no down payment. The Client was four months behind owing $3,819.20. Spoke to Michael M and the lender will permanently modify the loan for the Client.
MODIFICATION TEAM: The Dean Dream Team
| November 5, 2009
CLIENT/BORROWER: William
LENDER: Wells Fargo
ORIGINAL PAYMENT: $2,521.38
MODIFIED PAYMENT: $2,368.69
MONTHLY SAVINGS: $152.69
LIFE OF LOAN SAVINGS: $54,968.40
TERMS: Approved for Permanent Modification. The Client was seventeen months behind owing $42,863.46 and was in foreclosure with a sale date of November 5th, 2009. The Sale Date was stopped. Spoke to Mema ID KAH. The client was required to make a down payment of $3,011.49 and the Old High Interest Rate of 7.875% down to the New Lower Interest Rate of 5.5%.
MODIFICATION TEAM: The Dean Dream Team
| November 5, 2009
CLIENT/BORROWER: Dalia
LENDER: Select Portfolio
TERMS: Approved for Repayment Plan not for a modification. The Client showed updated finical records and has been given twelve months to repay past due balance of $8,904. They were behind eight months. When the client becomes current, they will be able to refinance the loan.
MODIFICATION TEAM: The Mod Squad
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November 5, 2009
CLIENT/BORROWER: Mike F.
LENDER: Beneficial
ORIGINAL PAYMENT: $1,197.17
MODIFIED PAYMENT: $690.77
MONTHLY SAVINGS: $506.40
LIFE OF LOAN SAVINGS: $182,304.00
TERMS: Approved for Traditional modification. The Client was eight months behind owing $9,577.36. Spoke with Angela at lender. The Client Old High Interest Rate of 13.27% has been bought down to the New Lower Interest Rate of 5.25%.
MODIFICATION TEAM: The Dean Dream Team
| CLIENT/BORROWER: James H.
LENDER: Chase
ORIGINAL PAYMENT: $1,501.47
MODIFIED PAYMENT: $1,247.73
MONTHLY SAVINGS: $253.74
LIFE OF LOAN SAVINGS: $91,346.40
TERMS: Approved for modification with no down payment. The Client was nine months behind owing $13,990.05. Spoke with Shamika and lender informed us that the client was already approved for a modification in the past and did not follow through with paperwork. The lender was very reluctant to review file again but they agreed to let us re-apply. The Client Old Higher Interest Rate was 7.25% and has now been taken down to the New Lower Interest Rate of 5.125%.
MODIFICATION TEAM: The Dean Dream Team
| November 5, 2009
CLIENT/BORROWER: Thomas
LENDER: Wells Fargo
ORIGINAL PAYMENT: $2,674.55
MODIFIED PAYMENT: $1,190.77
MONTHLY SAVINGS: $1,483.78
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $4,451.34
TERMS: Approved for Three Month Trial MHA modification. Spoke to Brandy ID# RCO. The Client will receive permanent modification papers prior to third payment after making first two new lower payments on time.
MODIFICATION TEAM: The Mod Squad
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November 5, 2009
CLIENT/BORROWER: Debra R.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,775.44
MODIFIED PAYMENT: $939.25
MONTHLY SAVINGS: $836.19
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $2,508.57
TERMS: Approved for Three Month Trial MHA modification. The Client is eight months behind owing $14,203.52 and was in foreclosure with a sale date of November 16th, 2009. The Client will be reviewed for a more permanent modification after the trial period.
MODIFICATION TEAM: The Mod Squad
| November 5, 2009
CLIENT/BORROWER: Mark
LENDER: Bank of America
ORIGINAL PAYMENT: $1,663.09
MODIFIED PAYMENT: $914.69
MONTHLY SAVINGS: $748.37
TERMS: Approved for trail period modification with no down payment. The Client was four months behind owing $6,569.09.
MODIFICATION TEAM: The Dean Dream Team
| November 5, 2009
CLIENT/BORROWER: Stephen R.
LENDER: Litton Loan
ORIGINAL PAYMENT: $1,540.91
MODIFIED PAYMENT: $1,344.80
MONTHLY SAVINGS: $196.11
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $588.33
TERMS: Approved for Three Month Trial Modification with no down payment. We have not been able to get a hold of the Client. If the Client does not participate in trial modification, the lender will not consider a permanent modification. The first new lower payment is due 12/1/2009.
MODIFICATION TEAM: The Mod Squad
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November 6, 2009
CLIENT/BORROWER: Craig and Donna
LENDER: Chase
ORIGINAL PAYMENT: $1.342.00
MODIFIED PAYMENT: $1196.10
MONTHLY SAVINGS: $145.90
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $437.40
TERMS: Approved for Three Special Forbearance. The Client Old Higher Interest Rate was 6.75% and was bought down to New Lower Interest Rate of 5.125%. The Client will be put in a special forbearance to permanent modification.
MODIFICATION TEAM: The Mod Squad
| November 6, 2009
CLIENT/BORROWER: Judith and Robert
LENDER: GMAX
ORIGINAL PAYMENT: $2,707.23
MODIFIED PAYMENT: $2,621.33
MONTHLY SAVINGS: $85.90
LIFE OF LOAN SAVINGS: $30,924.0990
TERMS: Approved for A Partial Claim with a down payment of $45. The Client was eight months behind owing $21,143.64.
MODIFICATION TEAM: The Dean Dream Team
| November 6, 2009
CLIENT/BORROWER: Martin P.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,878.17
MODIFIED PAYMENT: $1,573.65
MONTHLY SAVINGS: $304.52
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $913.56
TERMS: Approved for Three Month Trial President Obama HAMP Modification. The Client will be reviewed for a more permanent modification after the trial period.
MODIFICATION TEAM: The Mod Squad
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November 6, 2009
CLIENT/BORROWER: Rick H
LENDER: GMAC
ORIGINAL PAYMENT: $335.49
MODIFIED PAYMENT: $200.00
MONTHLY SAVINGS: $135.49
LIFE OF LOAN SAVINGS: $21,000.95
TERMS: Spoke with Craig Martin at lender, stated file is in charge off. Can only set up for repayment plan. The Client is no longer collecting interest only paying off principle balance.
MODIFICATION TEAM: The Mod Squad
| November 9, 2009
CLIENT/BORROWER: Timothy and Angela
LENDER: HSBC
ORIGINAL PAYMENT: $645.64
MODIFIED PAYMENT: $645.64
TERMS: This is a second mortgage. The client has too much income to be modified, they are not saving any money a month but the whole past due amount has been moved to the back of the loan. The Client is being made current as long as they make their payments on time for twelve months.
MODIFICATION TEAM: The Mod Squad
| November 9, 2009
CLIENT/BORROWER: Kevin D
LENDER: WAMU/Chase
ORIGINAL PAYMENT: $3,064.37
MODIFIED PAYMENT: $1,831.49
MONTHLY SAVINGS: $1,232.88
TERMS: Approved for Three Month Trial Modification. Spoke with James ID# KAT. The Client was seven months past due owing $18,777.08. If the trial period is successfully completed by client and the modification becomes permanent that would save the client $443,836.80.
MODIFICATION TEAM: The Dean Dream Team
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November 9, 2009
CLIENT/BORROWER: Vincent V.
LENDER: ASC
ORIGINAL PAYMENT: $1,916.32
MODIFIED PAYMENT: $1,587.85
MONTHLY SAVINGS: $328.47
THREE MONTH TOTAL SAVINGS: $985.41
TERMS: Approved for Three Month Trial Modification. Spoke with Tera ID# RYN. The Client must complete three month trial period to be considered for long term permanent modification at new low interest rate and deferring past due amount to the back of the loan.
MODIFICATION TEAM: The Mod Squad
| November 10, 2009
CLIENT/BORROWER: Scott and Michelle
LENDER: GMAC
ORIGINAL PAYMENT: $4,749.29
MODIFIED PAYMENT: $3,791.40
MONTHLY SAVINGS: $957.80
LIFE OF LOAN SAVINGS: $459,787.20
TERMS: Approved for Permanent Modification with Trial Period. Spoke with Patrick M at lender, he stated he Client was twelve months behind owing past due amount of $61,057.85 that is now being added to the back of the loan of forty years (480 months) upon first trial payment and completion of paperwork by client. The Old Higher Interest Rate of 7.5 will be bought down to 4.25% for the next four years, then bought up to interest rate of 5% for the life of the loan.
MODIFICATION TEAM: The Mod Squad
| November 10, 2009
CLIENT/BORROWER: Myra C.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $966.20
MODIFIED PAYMENT: $919.01
MONTHLY SAVINGS: $47.91
TERMS: Approved for Special Forbearance. Spoke with Angela ID# xc6. The Client was five months behind owing past due amount of $4,192.37. If the client successfully completes the Special Forbearance, the lender will review the account again for a final workout. There was no down payment required.
MODIFICATION TEAM: The Dean Dream Team
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November 10, 2009
CLIENT/BORROWER: Catherine R.
LENDER: Countrywide/ Bank of America
ORIGINAL PAYMENT: $1,251.69
MODIFIED PAYMENT: $595.20
MONTHLY SAVINGS: $656.49
THREE MONTH MODIFICATION TOTAL SAVINGS: $1,969.47
TERMS: Approved for Three Trial Month Modification. Spoke with Telcina ID# 9313. The Client was nine months behind owing past due amount of $12,108.70. The client will be reviewed after three month trial for permanent modification.
MODIFICATION TEAM: The Mod Squad
| November 11, 2009
CLIENT/BORROWER: Theodis B.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,212.62 not including escrow
MODIFIED PAYMENT: $757.22 not including escrow
MONTHLY SAVINGS: $455.40
LIFE OF LOAN SAVINGS: $148,005.00
TERMS: Approved for Traditional Modification. Spoke with Tekasha ID# 8744. This is a permanent modification, the details were sent to client's own attorney.
MODIFICATION TEAM: The Mod Squad
| November 12, 2009
CLIENT/BORROWER: Laura L.
TERMS: Had Mortgage/File placed on hold under the Soldier and Sailor Relief Act. Spoke with Fateemah ID FM 42328 at lender, the file is in review for modification but placed on hold until the client returns from military duty. The client is twelve months past due but the property is protected from foreclosure under the Soldier and Sailor Act. Will review file with lender when client returns home from military duty. The client was very relieved and we were very grateful to have helped. The NFC Group will handle this file to conclusion at no additional cost. Subsidy to be provided by our Zoey Bleu Foundation. God bless.
MODIFICATION TEAM: The Dean Dream Team
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November 12, 2009
CLIENT/BORROWER: Melvin and Catherine
LENDER: Indy Mac
ORIGINAL PAYMENT: $2,381.60
MODIFIED PAYMENT: $2,324.79
MONTHLY SAVINGS: $56.81
TERMS: Approved for Trial Modification. Spoke with Eric ID# 66B. The Client was past due thirteen months owing a past due amount of $32,862.00. The lender is not requiring a down payment and once the client makes the first new lower payment the sale date of 1/29/2010 will be placed on hold.
MODIFICATION TEAM: The Dean Dream Team
| November 12, 2009
CLIENT/BORROWER: Kristine D.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,272.92
MODIFIED PAYMENT: $822.33
MONTHLY SAVINGS: $450.59
THREE MONTH TOTAL SAVINGS: $1,351.77
TERMS: Approved for Three Month Trial MHA Modification. Spoke with Ashley ext 2478 at BOA. ID# LYB. The Client was behind five months owing a past due amount over $7,000.00. If all three trial payments are made on time the client will be reviewed for permanent modification.
MODIFICATION TEAM: The Mod Squad
| November 13, 2009
CLIENT/BORROWER: Jose and Laura
LENDER: Wells Fargo
ORIGINAL PAYMENT: $1,363.49
MODIFIED PAYMENT: $1,231.02
MONTHLY SAVINGS: $132.47
TERMS: Approved for Trial Period Modification. Spoke with Ruby in Loss Mitigation Department. The Client was four months behind. There is no down payment required. The Old Higher Interest Rate of 6.25% has been dropped down to the New Lower Interest Rate of 5.5%
MODIFICATION TEAM: The Dean Dream Team
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November 13, 2009
CLIENT/BORROWER: Yvonne and Steven
LENDER: Homecomings
ORIGINAL PAYMENT: $308.71
MODIFIED PAYMENT: $230.48
MONTHLY SAVINGS: $78.23
TERMS: Approved for Traditional Modification with down payment of $235.00. Spoke with Paul ext. 8742888. The Client's entire past due balance is to be forgiven. The Old Higher Interest Rate was 11.8% and was dropped down to New Lower Interest Rate of 6%.
MODIFICATION TEAM: The Mod Squad
| November 13, 2009
CLIENT/BORROWER: Rodriguez
LENDER: Bayview
TERMS: The Rodriguez file was modified a few months ago however the client did not get packet in time to lender and the property went to sale. Called Bayview and spoke with Shania ext 7699. The NFC Group was able to rescind (stop) the sale in time and the home was successfully redeemed. The Client can keep and stay in their home as long as they make their last trial payment on time.
MODIFICATION TEAM: The Dean Dream Team
| November 13, 2009
CLIENT/BORROWER: Mark R.
LENDER: HSBC
ORIGINAL PAYMENT: $909.67
MODIFIED PAYMENT: $909.57 includes escrow
TERMS: Approved for Six Month Trial Modification. Spoke with Juan M. at lender. The Client is being reviewed for more permanent modification while making payment with escrow included at interest rate of 5.25%.
MODIFICATION TEAM: The Mod Squad
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November 16, 2009
CLIENT/BORROWER: Jorge S.
LENDER: Citimortgage
ORIGINAL PAYMENT: $2,608.97
MODIFIED PAYMENT: $1,894.41
MONTHLY SAVINGS: $714.56
LIFE OF LOAN SAVINGS: $257,241.60
TERMS: Approved for Traditional Modification with a client contribution of $114.12 due with signed paperwork. Spoke with Jeanie Keefer in loss mitigation and the Old Higher Monthly Payment has been reduced to a New Lower Payment of $1,894.41 with a fixed interest rate of 5% for the life of the loan.
MODIFICATION TEAM: The Mod Squad
| November 16, 2009
CLIENT/BORROWER: James and Franciena
LENDER: IndyMac
Original PAYMENT: $2,717.03
MODIFIED PAYMENT: $2,183.91
MONTHLY SAVINGS: $533.12
There MONTH MODIFICATION SAVINGS: $1,599.36
TERMS: Approved for Three Month Trial Traditional Modification. There is no down payment due with signed paperwork. Spoke with Jennifer ID#JIM at lender who is reviewing file for permanent modification upon receiving the clients' most recent paystubs. The Old Higher Monthly Payment has been reduced to a New Lower Payment of $2,717.03 is due 12/01/2009.
MODIFICATION TEAM: The Mod Squad
| November 16, 2009
CLIENT/BORROWER: Jennifer M.
LENDER: Kessler Credit Union
ORIGINAL PAYMENT: $1,305.00
MODIFIED PAYMENT: $1,026.00
MONTHLY SAVINGS: $9.00
TERMS: Approved for Deferment Modification. Spoke with Cindy at lender and they have agreed as long as client makes first three payments the lender will defer the four months of past due mortgage payments over the life of the loan.
MODIFICATION TEAM: The Mod Squad
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November 17, 2009
CLIENT/BORROWER: Marla L.
LENDER: Litton Loans/ GMAC
ORIGINAL PAYMENT: $607.00
MODIFIED PAYMENT: $391.40
MONTHLY SAVINGS: $215.00
TERMS: Approved for Trial Modification with first mortgage at Litton for first mortgage and a Permanent Modification on her 2nd mortgage from GMAC. client down payment due of $3322.45 with signed paperwork. The second mortgage has been reduced to a New Lower Interest rate of 5% for the life of the loan.
MODIFICATION TEAM: The Mod Squad
| November 17, 2009
CLIENT/BORROWER: Gwendolyn V.
LENDER: ASC
ORIGINAL PAYMENT: $1,956.73
MODIFIED PAYMENT: $1,732.81
MONTHLY SAVINGS: $223.92
LIFE OF LOAN SAVINGS: $80,611.20
TERMS: Approved for Traditional Modification with a client down payment due of $3322.45 with signed paperwork. Spoke with Rachel ID#09D.at lender. The Old Higher Interest Rate of 7.25% has been reduced to a New Lower Interest rate of 5% for the life of the loan. The client was eleven months behind owing a past due balance of $22,000. The down payment will due on 12/05/2009 and the new lower regular payments will begin on 1/1/2010.
MODIFICATION TEAM: The Dean Dream Team
| November 17, 2009
CLIENT/BORROWER: Heath M.
LENDER: AHMSI
ORIGINAL PAYMENT: $1,249.84
MODIFIED PAYMENT: $1,059.80
MONTHLY SAVINGS: $190.04
LIFE OF LOAN SAVINGS: $68,414.44
TERMS: Approved for Work Out Modification with no down payment. Spoke with Darrielyn ID# DDU. The client was nine months behind and had a past due balance of $11,919.87. The past due amount is spread out through the life of the loan.
MODIFICATION TEAM: The Dean Dream Team
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November 17, 2009
CLIENT/BORROWER: Edward F.
LENDER: GMAC
ORIGINAL PAYMENT: $1,956.73
MODIFIED PAYMENT: $1,732.81
MONTHLY SAVINGS: $223.92
LIFE OF LOAN SAVINGS: $62,352.00
TERMS: Approved for a Permanent Modification and no payment due with signed paperwork on this second mortgage. Spoke with Diana at lender. The Old Higher Interest Rate of 14.3% has been reduced to a New Lower Interest rate of 8% for the life of the loan. The client was nine months behind owing $5,102.07.
MODIFICATION TEAM: The Dean Dream Team
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November 17, 2009
CLIENT/BORROWER: Douglas and Donna
LENDER: Ocwen
ORIGINAL PAYMENT: $831.23
MODIFIED PAYMENT: $628.79
MONTHLY SAVINGS: $202.44
LIFE OF LOAN SAVINGS: $72,878.40
TERMS: Approved for Traditional Modification with a client down payment due of $575 with signed paperwork. Spoke with Prapahm at lender. The Old Higher Interest Rate of 9.25% has been reduced to a New Lower Interest rate of 3.95% for the life of the loan. The client was fourteen months behind owing a past due balance over $13,000. The sale date of November 25, 2009 on the home has been removed.
MODIFICATION TEAM: The Dean Dream Team
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November 17, 2009
CLIENT/BORROWER: Karen and Carl
LENDER: Wells Fargo (2nd Mortgage)
ORIGINAL PAYMENT: $274.63
MODIFIED PAYMENT: $258.10
MONTHLY SAVINGS: $16.53
TERMS: Approved for Special Forbearance to Permanent Modification Plan. Spoke with Felicia ID#DJT at lender.
MODIFICATION TEAM: The Mod Squad
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November 18, 2009
CLIENT/BORROWER: Richard and Melissa
LENDER: GMAC
ORIGINAL PAYMENT: $1,956.73
MODIFIED PAYMENT: $1,732.81
MONTHLY SAVINGS: $223.92
LIFE OF LOAN SAVINGS: $80,611.20
TERMS: Approved for Three Month Trial Modification upon completion will be reviewed for Permanent Modification. Spoke with Author at lender. The $12,349.68 will be rolled into the balance or go onto the back of the loan after trial period is successfully completed. The sale date of the home for 1/28/2010 will be removed once the first payment is made.
MODIFICATION TEAM: The Mod Squad
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November 18, 2009
CLIENT/BORROWER: William and Gwen
LENDER: WMAU
ORIGINAL PAYMENT: $2,956.15
MODIFIED PAYMENT: $2,857.20
MONTHLY SAVINGS: $98.95
TERMS: Approved for Three Month Trial Modification upon completion will be reviewed for Permanent Modification. Spoke with Chris at ext 3813445 at lender. The Client currently has adjustable rate without escrow included in mortgage payment (current property taxes are $288.15 and homeowners insurance is $68.00). The client is now approved for a fixed rate that includes escrow. The Client was six months behind owing a past due amount of $15,361.24.
MODIFICATION TEAM: The Mod Squad
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November 18, 2009
CLIENT/BORROWER: Gustavo S.
LENDER: GMAC
ORIGINAL PAYMENT: $3,277.00
MODIFIED PAYMENT: $2,568.60
MONTHLY SAVINGS: $708.40
LIFE OF LOAN SAVINGS: $255,024.00
TERMS: Approved for Permanent Modification. Spoke with Rick Id# RJS at lender. The Client Original Higher Interest Rate is 5.773% has been bought down to New Lower Interest Rate of 4.5. The Client was behind eight months owing $26,666.09.
MODIFICATION TEAM: The Dean Dream Team
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November 18, 2009
CLIENT/BORROWER: John and Patricia
LENDER: Wells Fargo
TERMS: Approved for Permanent Modification. Spoke with Corey Id# 84v at lender. The Client was behind ten months owing a past due balance of $12,264.72. The Lender did not drop the monthly payment or rate. Based off the client's financial, the current payment is less than 31% of the client's current income. However, the past due balance will be rolled into the life of the loan and the first payment is not due until February 1, 2010.
MODIFICATION TEAM: The Dean Dream Team |
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November 18, 2009
CLIENT/BORROWER: John and Patricia
LENDER: Wells Fargo
TERMS: Approved for Permanent Modification. Spoke with Corey Id# 84v at lender. The Client was behind ten months owing a past due balance of $12,264.72. The Lender did not drop the monthly payment or rate. Based off the client's financials, the current payment is less than 31% of the client's current income. However, the past due balance will be rolled into the life of the loan and the first payment is not due until February 1, 2010.
MODIFICATION TEAM: The Dean Dream Team
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