OCWEN is the leader in servicing high-risk home loans. De Novo Law Firm has successfully modified numerous Southern California home loans in areas such as San Bernardino, Ontario, Rancho Cucamonga, Riverside and Menifee. We recently obtained a loan modification for a client who was significantly behind in payments with no means to catch up their back payments. Our client was given a substantial interest rate reduction reducing their loan payment and making them current on their loan.
Client: S. S. in Riverside CA
ORIGINAL LOAN:
Monthly Payment: $2,560.00
Interest Rate: 7.5%
NEW LOAN MODIFICATION:
Payment: $2,150.
New Interest Rate: 2% initial rate
Percent Savings: 16% monthly savings
This loan modification obtained by De Novo Law Firm was able to give our client a fresh new start and also reduced the homeowners’ monthly payment by $410.00 a month. If you are behind on payments or afraid of losing your home due to an adjustable rate loan, contact the attorneys at De Novo Law Firm today.