Hard at work, our attorneys at First Source Law have obtained another loan modification with Bank of America! This time it was on our client’s first mortgage located in Elk Grove, CA.
Original Loan Terms:
Principle Balance: $331,500.41
Escrow Balance: $1,320.05
Monthly Payment: $2,134.63
New Payment Terms:
New Payment: $1,295.80
This loan modification was worked through Bank of America; the new loan terms saves the client over $800 ( a savings of almost 40%!). Likewise, after the client completes the initial Trial Payment Plan, the client’s account will reach current and all unpaid late charges will be waived.
Our firm is dedicated to helping clients file bankruptcy, obtain loan modifications, and helping clients get a fresh start. For more information on what First Source Law can do for you, please fill out our free evaluations for bankruptcy and loan modifications.
This post was written by Gina Berg