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 loan modification. Not only will my client be able to be current on the mortgage, save her house from certain foreclosure, but we also were able to negotiate a reduction in payments by one-third. While I will admit getting a loan modification being this late in payments is a bit unusual and by no means the new standard, I just wanted to pass along this message to the those individuals who may not understand this industry and the effort and belief necessary to truly help people…a little faith in the extraordinary. For those Minnesotans who are struggling making their mortgage payments, who are facing an impending sheriff sale, or who are consumed with debt – call my office, we can help!
Patrick
