Loan Modifications


Melanie Rebecca, Greenacres
The Result:
Old Payment: $869
New Payment: $387
Principal reduced: $111,707
SAVINGS: $482 per month

 

 
Melanie Melanie, Pembroke Pines
The Result:
Old Payment: $2,620
New Payment: $1.179
Principal reduced: $110,918
SAVINGS: $1,441 per month

 

 

parklandJeffrey, Parkland
The Result:
Old Payment: $3,268
New Payment: $1,507
Principal reduced: $295,359
SAVINGS: $1,761 per month

 

 

Jerome, Lake Worth
The Result:
New payment $502.61.
PRINCIPAL REDUCTION: $165,000.

 

 

 

Lionel, Delray Beach
The Result:
Original payment $908.51.
New payment $422.30.
PRINCIPAL REDUCTION: $32,00
SAVINGS: $386.21/month

 

 

John, Lake Placid
The Result:
Original payment $1,455.70.
New payment $553.21.
PRINCIPAL REDUCTION: $112.500.
SAVINGS: $902.49/month

 

 

Brian, Palm Beach Gardens
The Result:
Original payment $4,663.15.
New payment $2,821.75.
SAVINGS: $1,841.40/savings

 

 

Garfield, Coral Springs
The Result:
Original payment $1,413.92.
New payment $649.51.
Principal reduction: $73,300.

SAVINGS: $764.41/month

 

 

Ian, Sarasota
The Result:
Original payment $1.512.
New payment $862.62.
Principal reduction: $162,806.
SAVINGS: $649.38/month

 

 

Jamal, Winter Springs
The Result:
Original payment $1,250.00.
New payment $677.82.
Principal reduction: $113,244.

SAVINGS: $572.18/month

 


Omar, Spring Hill
The Result:
Original Payment: $1,058.
New Payment: $412.
PRINCIPAL REDUCTION: $35,437
SAVINGS: $646/month

Omar hired Korte & Wortman for assistance in getting a loan modification for his Spring Hill home. Korte & Wortman was able to get a monthly payment that equaled 39% of the original payment. In addition, they were able to negotiate a substantial principal reduction as well.

 

Nadia, Plantation
The Result:
Original Payment: $3,603.
New Payment: $1,703.
PRINCIPAL REDUCTION: $364,258
SAVINGS: $1,900/month

Nadia hired Korte & Wortman for assistance in getting a loan modification that would make her Plantation home more affordable. Not only was Korte & Wortman able to get a much more affordable payment, they were able to negotiate a substantial principal reduction as well.



Norman, Lauderdale Lakes

The Result:
Original payment: $2,200.
New payment: $1,090 at an interest rate reduced by 4.65 percent.
PRINCIPAL REDUCTION: $138,587
SAVINGS: $1,110/month

Norman hired Korte & Wortman to negotiate a loan modification on his Lauderdale Lakes home. In just two months, the firm worked out a 50 percent reduction in payments and a lower interest rate.

 


Mimose, Coral Springs

The Result:
Original Loan Balance: $140,000
One Payment: $40,000
SAVINGS: $100,000

A best-case solution for Mimose of Coral Springs was the settlement obtained after hiring Korte & Wortman. The firm negotiated a settlement with the bank that enabled her to own her investment property outright.

Korte & Wortman got the bank to take a lump sum of $40,000 on the balance of $140,000. She owns the house free and clear and saved more than 70 percent on the principal balance.

 

 

Jose, Naples
The Result:
Original payment $1336.
New payment $871at an interest rate reduced by 5.88 percent.
SAVINGS: $465/month

 

 

 

Todd, Loxahatchee
The Result:
Original payment $1580.
New payment $823 at an interest rate reduced by 5.04 percent.
PRINCIPAL REDUCTION: $97,000
SAVINGS: $757/month

 

 

 

Angelo, Palm Bay
The Result:
Original payment $1360.
New payment $1079.
SAVINGS: $281/month

 

 

 

Kuder, Pompano Beach
The Result:
Original payment $1691.
New payment $1221.
PRINCIPAL REDUCTION: $160,732
SAVINGS: $470/month

 

 


Fernande, Riverview
The Result:
Original payment $995.
New payment $947.
SAVINGS: $48/month

 

 

 

Ryan, Wellington
The Result:
Original payment $4,241.
New payment $1,243.
PRINCIPAL REDUCTION: $334,354
SAVINGS: $2,998/month

 

 

 

John, Boca Raton
The Result:
Original payment $2,119.
New payment $1,457.
PRINCIPAL REDUCTION: $150,000
SAVINGS: $662/month

 

 

Jeanette, Cooper City
The Results:
Original payment: $2,046.
New payment: $1,452 at an interest rate reduced by 5.20 percent.
SAVINGS: $594/month

Jeanette, a senior living on a fixed income in Cooper City, watched her mortgage payments spiral out of reach once the initial fixed period expired. She and her sons had tried to get a loan modification from her bank for more than three years, to no avail.

After hiring Korte & Wortman, the firm was successful in securing a loan modification with an affordable payment that knocked $594 off her bill each month.
Lorenzo, Port St. Lucie
The Result:
Original payment: 1,154.
New payment: $576.
PRINCIPAL REDUCTION: $166,171
SAVINGS: $578/month

Lorenzo of Port St. Lucie sought a loan modification for his investment property. Although its very rare that a bank agrees to modify a loan on a non-homestead property, Korte & Wortman secured not one but two loan modification offers from the bank, reducing his monthly payment by more than half and cutting his principal by $166,171.

 

David, Lake Worth
The Result:
Original payment: $3,686.
New payment: $2283.
SAVINGS: $1403/month
Maria, Hollywood
The Result:
Original payment $2418.
New payment $948 at an interest rate reduced by 3.50 percent.
PRINCIPAL REDUCTION: $258,367
SAVINGS: $1,470/month

Gretchen, Coral Springs
The Result:
Original payment $2130.
New payment $1276.
SAVINGS: $854/month

Wadner, Greenacres
The Result:
Original payment $1,100.
New payment $640.
PRINCIPAL REDUCTION: $89,479
SAVINGS: $460/month

Mark, Lake Worth
The Result:
Original payment $5,330.
New payment $2,228.
SAVINGS: $3,102/month