This client was one month behind when we received this file.
Old payment PI: $2216.00
Old rate: 6.25%
Approved for a step rate modification
Until May 2013-
New payment PI: $1720
New rate: 3.375%
Savings: $496.00
From May 2013- May 2014
New payment PI: $1904.29
New rate: 4.375%
Savings: $311.71
May 2014 until the remainder of the term
New payment PI: $2068.06
New rate: 5.25%
Savings: $147.94
This modification brings her current, she is no longer in default.
Total savings over the first 4 year period: $15,644.52
When First Source Law received this file there was a sale date set for 2 weeks out. Below is the modification that First Source Law secured:
Old payment PITI: $4300.00
New payment PITI: $2154.71
Savings: $2154.29
When First Source Law received this file there was a sale date 1 week out. Below are the terms of the approval that First Source Law secured:
Old payment PI: $3242.99
Old rate: 6.75%
New payment PI: $1171.10
New rate: 2%
Monthly savings: $2071.89
Client is no longer in foreclosure and his account was brought current. This is a final modification.
When First Source Law received this file the client was 31 months behind and had a sale set for 3 weeks out. First Source Law quickly secured the following modification:
Old payment PITI: $821.55 Old rate: 9.75%
New payment PITI: $551.49 New rate: 2%
Monthly savings of $270.06
Client is no longer in foreclosure and her account is current. This is a trial plan.
