A Neat Modification Success

Really, the point of this blog isn't to brag about our all-natural modification wonderfulness. But sometimes, we just have to do it.

If you wonder why you should pay a qualified firm to handle your modification, here's why.

Client--we'll call her "Beatrice," (just because that name sounds like a sweet, kind woman), has been trying to do her own modification. Problem is, her house is here in South Florida, but she spends a large part of the year in California, where her husband is employed. So, Beatrice's bank accounts, her husband's pay stubs, and tax returns, are all listed in California.

Bank says no  modification for her--under HAMP, the borrower needs to be living in the property being modified.

Beatrice comes to us explaining her situation. The house here IS her primary residence, it's just that she spends so much time in California with her husband, she uses California bank accounts. But the bank wanted to hear nothing of it.

We get the case, and assist her in writing a letter to the bank, and we negotiate it, explaining the situation, specifically telling the bank that they can either modify the loan, or explain to the Court why it failed to take into account the client's unique situation.  We also worked with Beatrice to get as much documentation as possible to support her claim.

Lo and behold...modification approved...on a case where the client had been denied before retaining us, and on a case that required an extra degree or personal attention to get the job done.


(A special thanks to our own Jared Fink, who worked hard negotiating this file. As a former Countrywide insider himself, Jared has some pretty in depth knowledge of what these banks are looking for, and has been very successful in getting modifications in difficult situations).