(561) 544-7071
Vdinapoli@kwlawfirm.com

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