We often get asked about our success with getting loan modifications for our clients. Although every client has a different outcome for a variety of factors, we can say that many find that with our assistance, they are able to get a loan modification that meets or exceeds their needs.
You can never go wrong when you get the right support for a loan modification. It can be a scary when you are underwater on your mortgage and can’t afford to make your monthly payments!
Check out a recent loan modification agreement RKE Law was able to achieve for an amazing client.
RKE Law Group Successful Agreement
Client since: August 2012 came to us after a foreclosure lawsuit had been initiated
Principal Reduction: $131,036.92******
New Principal and Interest Payment $158.32
Escrow Payment $266.45
Total Monthly Payment: $424.77
New Interest Rate: 2.00% (until 8/01/18)
Adjust to: 3.98% (fixed for the life of the loan)
New Principal Balance: $35,500.00
Old Principal Balance: $166,536.92
Principal Reduction of: $131,036.92******
This was a HUGE achievement for the client. The amount of the principle reduction is amazing and their monthly payment is much more reasonable for their budget.
No one needs to suffer through the stress of loan modification and feel alone during the process.
Although you don’t have to retain a lawyer when requesting a loan modification we can say that According to a 2010 study by the Urban Institute, clients with a representative lowered their monthly payments by an average of $267 more than those without legal counsel.
We are here to help you! Contact us today so we can help you get on the road to success!
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