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Archive for Loan Modification with option One

American Home Mortgage Servicing Loan Modification

Another happy client and home saved from foreclosure. We have helped many homeowners stop foreclosure with America Home Mortgage Servicing Inc. I have added the details below. It is important to know more than 90% of our workouts that homeowners have tried to do themselves, we have had results that are better than their offer. We show the precise way to set up the plan and know the terminology that gets the work done. Our loan modification company experts get the job done, they are managed by a employee that worked as a loss mitigation negotiator in the retention side of the lender. Below are the details from Option One Loan Modification now known as American Home Mortgage Services Inc.

total monthly income     $ 8,515.00
total monthly expenses  $ 9,053.00
had a defecit of                  $ 538.00

Mortgage Payment -       $ 3,931.00
Property Tax -                    $ 500.00
Homeowner Insurance –       $ 70.00
Total Monthly Payment – $ 4,501.00
Interest Rate – 10.35%

After Loan Modification
New Modified Payment -  $ 3,257.13
Property Tax -                     $ 500.00
Homeowner Insurance -        $ 70.00
Total Monthly Payment -   $ 3,827.00
Interest Rate – 5 %

After Loan Modification
total monthly income    $ 8,515.00
total monthly expenses $ 8,379.13

Borrower saved $ 674.00 per month

Total time to process loan modification July 14 – September 10

Loan Modification with Option One

If you are facing foreclosure with Option One and need a loan modification we are more than qualified to help stop foreclosure. We have a very unique relationship with Option One and getting a loan modification. We have negotiators that worked with Option One and we have had great success at getting a loan modification help with Option One. We have very experienced negotiators that are more concerned with helping homeowners stop foreclosure with Option One and all other lenders. We really know the and did not just start because of this is the way the mortgage industry has lead and trying to make it work for us. We actually teach loss mitigation and how to get a loan modification for homeowners. Below are a few Option One Loan modifications we were able to workout.

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In September Option One Mortgage returned our payment, with no reason why. When I contacted them as to why they stated that they we going to foreclose on the loan. Stating that we were 5 months behind. This I know is not true, we were 1 month behind I admit and were trying to get caught up. We had been trying to work with the mitigation team but were getting the run around. We need Option One foreclosure help. Once we thought all hope was lost we found a company on the internet that promised to help us. After having us pay them (using the mortgage payments we were keeping in the bank) they had us file bankruptcy (pro se. after paying them could not afford an attorney) We keep getting the run around on the bankruptcy as well. We were told to start sending in our mortgage payments again starting February 2008 which we have done. We have also been paying into the bankruptcy as well. Then when we tried to make the May 2008 payment to Option One they again refused it. Stating we were behind. And I have made every single payment. So now they are threating foreclosure again. This home has been in my family for over 50 years and I do not want to loose it. I have tried to work with them but they don’t return my calls, or anything. When we originally got the mortgage we were told our payments would be one amount but at closing we learned that they were to be at least $200 more. But we have made our payments and they say we have not. Our Mortgage Company is Option One Mortgage please Help me stop foreclosure. We need a loan modification with Option One

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Oct 2007 it went into pre-Foreclosure,” for multiple missed payments. I went on a re-payment plan with Option One, and was told NOT to miss another payment, or an automatic “date of Sale” would occur. I did make HUGE payments ($ 4200/mo) for another 5 months. Then , I received a “miss-leading” letter from them thinking that I was being given a “new” loan with a date for next payment which apparently would skip a month. As soon as I skipped a monthly payment, it went to sale immediately and Option One now has the only Bid on it. I am in Redemption period now, for another 6 weeks. I NEED HELP FAST, I really need help with a loan modification with Option One

we really need help to stop foreclosure in Los Angeles

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