CA Modification completed

By
Services for Real Estate Pros

We completed a CA Mod. Payment went from 2,335.01 to 730.45 at 3% with taxes and insurance included. Borrower was over 20k delinquent on their taxes and 15k delinquent on their loan. This is a step ladder mod so the peak rate will be 6% with final payment being $1226.08 - this was a doozy but because we are persistent and insistant it all worked out. Congradulations Mr Grimes - Oakland, Ca

Comments (1)

Kim Espinoza
Realtor, United Broker's Group, Arizona - Chandler, AZ
Connecting Arizona Buyers and Sellers

Amazing... this is the first loan mod that I have heard of that was successful. Congratulations wish we could revise all of the loans that end up going to foreclosure for a much lower amount. Crazy!

Feb 24, 2010 02:25 PM