Washington Mutual Loan Modification

Just finished another loan modification with Washington Mutual. The entire process took a little longer than usual because the negotiator was extremely busy. We can move only as fast as teh mortgage company employees. The loan modification was submitted on August 19th and approved on October 14th. We were able to convert a negative amortorization loan into a fixed fully amortorized loan. The approved loan modification from Washington Mutual was set up as a step rate plan. The rates are set at a minimum and step up over a period of three years to a fixed rate for the life of the loan. The step rate loan modification program we set started with a 3% interest for the first year, 4% for the second year and 5% fixed for the life of the loan. We have a very happy customer that can afford the plan we were able to negotiate for him. With a negative amortorization loan, the payments are low but we were able to get the payment close to the payment the borrower was paying. The borrower was 8 payments down with a foreclosure sale date and we were able to get the plan and he only had to pay $1,200.00 for a contribution. We can not guarantee the same outcome but we will fight hard for you to get the best workout plan possible to stop foreclosure. If you need loan modification help with Washington Mutual contact us so we can get started working for you.

Below are contacts from homeowners needing foreclosure help with Washington Mutual

City: Phoenix
State: Arizona
foreclosure help in Phoenix
County: Maricopa

Divorce Hardship, reduced income due to the fact that the construction industry has lessened in jobs for hire
Washington Mutual is foreclosing and I need to know how to save my home from foreclosure

My 1st mortgage is with Aurora, and my 2nd is with Washington mutual. My 1st is on an arm that will be adjusting soon. My 2nd is a 3o yr fixed but the interest rate is very high. My credit is very good, but my income has taken a hit. I usually have to go stated because I work in the tipping industry and business has been getting very bad. I don’t want to foreclose and lose my house, but it is getting very difficult to make my payments, I have gone through most of my savings. I am not making the money I used to. It is getting very difficult to pay the mortgage, my home’s value has also taken a hit, probably about 100,000. My 1st is over 200,000 and my second is over 90,000. I need help.  Loan modification/ washington mutual

Thursday, October 16th, 2008, by Foreclosure Help and is filed under "Washington Mutual Loan Modification, Washington Mutual Loan Modification ". You can leave a response here, or send a Trackback from your own site.