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Loan Modifications

Baker-mod
Name:  Baker, William
County: Palm Beach
Bank: Wells Fargo
Mod: Monthly payment reduction of $139.94
 

 

 

De-la-paz-mod
Name: De la Paz, Yira
County: Broward
Bank: Chase
Mod: Monthly Payment reduction of $744.65
 

 

 

Williams-mod
Name: Williams, Angella
County: Palm Beach
Bank: Ocwen
Mod: Monthly payment reduction of  $2038.07
 

 

 

lotmore-mod
Name:  Lotmore, Dorothy
County: Miami
Bank: Wells Fargo
Mod: Monthly Payment reduction of $209.45
 

 

 

Rosete-mod
Name: Rosete, Carol
County: Broward
Bank: Bank of America
Mod: $166, 610.37 Principal forgiveness resulting a satisfaction of Mortgage (Free Home)
 

 

 


Andrew & Elaine, Palm Beach Gardens
Previous payment: $2,590.95
New monthly payment: $1,491.40
Reduced interest rate to: 2%
SAVINGS: $1,099.55/month
PRINCIPAL REDUCTION: $182,806.42

 

 

 


The Result:
Wilson, Boynton Beach
PRINCIPAL REDUCTION: $91,007.66

 

 

 

 


The Result:
Cynthia, Wellington
PRINCIPAL REDUCTION: $126,980.09

 

 

 


The Result:
Sami, Clearwater
Forgiven Past Due Amount: $24,192.00

 

 

 

 

Kimberly, Royal Palm Beach


The Result:
Total Payment Reduction $200 per month
SAVINGS: Reduced Interest Rate to: 4%

 

 

 

 

 


The Result:
Has been a client since 2009
Payment Reduction by $555 per month

SAVINGS: Total Overall Loan Savings: $199,800

 

 

 

 


SAVINGS: Principal Reduction: $6,000

 

 

 

 

 


The Result:
New Monthly Payment: $771.46
SAVINGS: Reduced Interest Rate to: 4%

 

 

 

 

SAVINGS: Total Principal Reduction: $105,302

 

 

 

 

 

SAVINGS: Total Principal Reduction: $45,000

 

 

 

 

 


The Result:

SAVINGS: Total Principal Reduction: $276,944

 

 

 

 

SAVINGS: New Monthly Payment: $608.30

 

 

 

 

 

SAVINGS: Total Principal Reduction: $85,015

 

 

 

 

 

 


The Result:
Previous Payment: $550.14
New Monthly Payment: $463.67
SAVINGS: $86.47/month

 

 

 


Previous Payment: $916.50
New Monthly Payment: $576.12
Reduced Interest Rate to: 4.62%
SAVINGS: $340.38/month

 

 

 


The Result:
In foreclosure for four years.
New Monthly Payment: $1,134.46

SAVINGS: Reduced Interest Rate to: 4.25%

 

 

 


The Result:
Previous Payment: $922.34
New Monthly Payment: $604.90
Reduced Interest Rate to: 4.50%
SAVINGS: $317.44/month

 

 

 


Previous Payment: $810.00
New Monthly Payment: $485.32

SAVINGS: $324.68/month

 

 

 

 

 


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.

 


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.

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.

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.

 

 

Melanie
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

 

 

 

 

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

 

 

 

 

 


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

 

 

 

 

 


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

 

 

 

 

 


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

 

 

 

 

 


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

 

 

 

 


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

SAVINGS: $764.41/month

 

 

 

 

 


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

 

 

 

 

 


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

SAVINGS: $572.18/month

 

 

 

 


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

 

 

 

 


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

 

 

 

 


The Result:
Original payment $1360.
New payment $1079.
SAVINGS: $281/month

 

 

 

 

 


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

 

 

 

 


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

 

 

 

 


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

 

 

 

 


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

 

 

 

 

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.

 

 

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.

 

 

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