Our office recently succesfully completed a Cenlar loan modification.  Cenlar bank no longer operates bank branches but acts as a loan subservicer for larger banking institutions.  Cenlar is one of the largest subservicers in the country. De Novo Law Firm has worked with Cenlar and Bayview Loan Servicing to stop foreclosure and allow homeowners to keep their homes.  Our loan modification attorneys recently obtained a loan modification for a client in Hemet California.

Client S.J. in Hemet, California

Cenlar Loan Prior to Modification:

Payment: $728

Interest Rate: 6.5%

Cenlar Loan Modification Terms

Payment: $400.05

Interest Rate: 2%

Monthly Savings: $327.95

Percentage Savings: 45%

While the loan amounts were relatively small, we were able to reduce the monthly loan payments by more than 45%.  In this situation, our client was on a fixed income and the reduction in cost made a huge difference in her monthly budget.  For more information about hiring a loan modification attorney, contact our office at (951) 801-5570.

Comments are closed.