Mortgage debt forgiveness back on table?!

By Ken Harney WASHINGTON — Here’s some good news for homeowners worried that Congress will fail again to renew popular tax benefits for use in 2014 — especially those allowing for mortgage debt forgiveness, write-offs for energy-saving improvements and mortgage insurance premiums. Though there has been no formal announcement, the Senate Finance Committee under new […]

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New Law Tightens Foreclosure Rules in Minnesota – Duel Tracking Soon To Be Banned in MN !!!

New Law Tightens Foreclosure Rules in Minnesota By Sharon Schmickle | 08:25 am MinnPost.com Under Minnesota’s new foreclosure law, a lender and/or mortgage servicer can’t move to sell a home until the borrower has had a fair chance to seek a loan modification. This article is one in a series of occasional articles funded by a grant […]

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Principle Reduction a Unicorn? Not Anymore.

When I first started at the non-profit as a certified personal finance counselor, I privately referred to principal reduction loan modifications as unicorns. In other words, when clients would come in and ask me the likelihood of getting a reduction on their mortgage principal, I would respond that those types of modifications very rarely occur. […]

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NEW RECORD SET

We just acquired a loan modification where our client, a Minnesota homeowner, was almost 3 years in arrears on the mortgage! Yes, I said that correctly, and I have the loan modification in my hand to prove it. My client was over $55,000 behind on mortgage payments and we were able to negotiate a successful […]

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Clients 2 1/2 Years Late on Mortgage Payments Get Loan Modification!!

We just got an approved loan modification for our clients who are over 2  1/2 years behind on the mortgage!! These clients tried a loan modification a couple of years ago and were rejected. The mortgage company told the clients they had too many outstanding debts. So, these clients filed for Chapter 7 bankruptcy. Even […]

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Best Loan Modification Yet!

The Law Office of Patrick M. Sutton just beat its own record! Our previous best loan modification was a monthly payment reduction of over $1,200.00. This morning, one of our clients received over a $1,600.00  a month reduction in their mortgage payments. They also received a  dramatic decrease in the mortgage interest rate. If this […]

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You don’t have to lose your home

You don’t have to lose your home

Call Today to find options to save your home. You can fight foreclosure and stop sheriff sales by filing backruptcy.

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