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 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 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.
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.
Jeanette, Cooper City
Original payment: $2,046.
New payment: $1,452 at an interest rate reduced by 5.20 percent.
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
Original payment: 1,154.
New payment: $576.
PRINCIPAL REDUCTION: $166,171
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.
Original payment: $3,686.
New payment: $2283.
Original payment $2418.
New payment $948 at an interest rate reduced by 3.50 percent.
PRINCIPAL REDUCTION: $258,367
Original payment $2130.
New payment $1276.
Original payment $1,100.
New payment $640.
PRINCIPAL REDUCTION: $89,479
Mark, Lake Worth
Original payment $5,330.
New payment $2,228.