Victory in Appeal! Trial Modification Success For John D from Piedmont, SC John fell behind over 3 years ago, but his hardship started well before that. In 2010, after his wife underwent multiple surgeries, he made the difficult sacrifice of staying home to take care of her. He fell behind and modified his loan, but his payments were still too high to keep up with. Try and try as he did, the lender refused to budge and he fell behind again. He got served with a summons and complaint, as the lender was suing him to foreclose and sell his home to repay the debt. That was when he came to Litvin Law Firm. Attorney Bo Roberts answered their complaint and led our teams defense of the foreclosure action in the courts. We were successful in getting their foreclosure action dismissed, but even with that victory, it still left John behind on his loan and in danger the lender would try again with a more solid case. Paralegal Rosa Tricarico was key toward compiling the necessary documents and information for our mitigation work on behalf of John, and also communicating with the lender directly in attempts of all possible resolutions outside the courtroom. After repeated denials came back from lender, Rosa believed those denials were in error and they were not calculating the borrowers income correctly. The lender even offered a refinance plan with unfavorable terms for our client, which he swiftly declined, believing in the ability and confidence of Litvin Law Firm. Sure enough, Rosa was right after all.. Because of her zealous appeal, John has now been approved for a trial period plan towards loan modification! John’s payments have been reduced from $1023.46 originally to $636.04. If he successfully completes his trial plan, John’s interest rate will have dropped 2 points, and his principal will be reduced by nearly $30,000. Litvin Law Firm is so happy for John’s success, and we thank him so much for choosing our firm to fight for him.
Posted on: Fri, 20 Jun 2014 12:00:04 +0000