Success Stories

“The past two years have been an absolute disaster in our lives, but thanks to Fresh Start we can sleep at night.
For two years we have been trying to get a modification with Chase Bank with no luck; just empty promises. We wish we had gotten in contact with Tim Stull at Fresh Start a long time ago. Tim has worked out a program for us in a short period of time. Let me tell you, the bank really listened. Whatever you do, don’t wait like we did…let Fresh Start do the work for you.
—John & Maureen

PDF DocumentHandwritten “Thank You” Letter From a Client
“This has been a very long process that I could not have done without your knowledge, your kindness & your encouragement.”
The PDFs below are actual case files that we have resolved successfully for our clients.
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Rate reduced from 9.2% to 1.11%!!
Payment reduced from $545.00 to $143.25.

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Modification after Chapter 7 bankruptcy discharge
Payment reduced from $1486.19 to $1185.85

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Payment reduced from $3053.68 to $494.13

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90% DISCOUNT!
Debt settled from $107,000 to $11,000 .  10% net settlement ~ 90% discount!

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Payment reduced from $1040 to $883.83
even though client had two previous modifications

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Rate reduced from 6% to 4.25%
Partial waiver on past due payments

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60 Months Delinquent
Rate reduced to 2%, foreclosure sale date halted twice

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Payment reduced from $345.99 to $266.50

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Modification after Chapter 7 Bankruptcy
Payment reduced from  $1165 to $850.58

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DEBT SETTLEMENT
Original balance was $51,000.00
Settled for $10,500!

San Francisco, CA
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DEBT SETTLEMENT
Original balance was $27,691.00
Settled for $7500!

Farmingdale, NJ
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LOAN MODIFICATION AFTER CHAPTER 7 BANKRUPTCY
Homeowner filed Chapter 7 on 8/25/10 and discharged all of her mortgage debts. Regular payments were $4529 on a loan amount of almost $650,000 originally with Aurora Loan Servicing. This borrower had no success on her own attempting to complete a loan modification with two previous law firms. Homeowner was almost 3 years behind on payments and required contribution income and multiple banking regulatory complaints to be filed for completion. Her new payment is $2764.42 at a 2% rate for the first 5 years of the loan. The rate will go up 1% each year thereafter and cap at a 4.7% for duration of the loan, with an incentive of a principal reduction if payments are paid on time.

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OLD PAYMENT = $3,270
NEW PAYMENT = $2,081

Client came to our office after working with a law firm for over five months with an option arm mortgage with Wells Fargo. Client was over 12 months past due and self employed. Client owed more on home than it was worth with a payment of $3,270 that was modified to a fixed payment amount of $2,081 by Wells Fargo based on 31% of client’s gross income.

Chino, CA
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OLD PAYMENT = $2,363
NEW PAYMENT = $1,697*
*INCLUDES ESCROW PLUS $90K PRINCIPAL REDUCTION

Client came to our office with a breached modification with Bank of America. Client was over thirty-nine months past due and self employed. Client had received a loan modification through First Franklin before loan was sold to Bank of America where the modification did not transfer with the loan. The loan was ultimately modified to a fixed payment amount of $1,697 from $2,363 to include a $89,896 principal reduction in Bank of America’s permanent loan modification.

Danville, NH
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OLD PAYMENT = $5,253
NEW PAYMENT = $2,438

Client came to our office three months past due on the mortgage with Midland Mortgage. Client is a cosmetic surgeon and was experiencing a slow time in business. Client owed more on the million dollar home than it was worth with a payment of $5,253 that was permanently modified to a new payment in the amount of $2,438 by Midland Mortgage.

Thousand Oaks, CA
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The client saved $800 per month on their payments!

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Client was 52 months past due
Old Payment = $1556.00
New Payment = $778.91

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Old mortgage payment was over $6100.00!

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Old Payment = $1493.00; rate 4.9%
New Payment = $859.00; rate 4.34%

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Completed a deal with a second mortgage debt buyer.

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Client came to Fresh Start late November 2011, with a sale date for 12-16-11. We negotiated postponement of the sale date and completed the modification before the end of the year.
Orignal Payment = $865.00; rate 6.5%
New Payment = $613.00; rate 4%; 30 year fixed

28k behind on payments moved to the back of loan

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$88,900 Principal Balance Reduction
Rate Lowered from 7.5% to 4.25%

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$108,000 Principal Balance Reduction

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Original Payment = $1,437
New Payment = $958

Client was 30 payments past due, yet saved his home.

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2nd Mortgage was Completely Forgiven

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Original Payment = $2,677
New Payment = $1,973

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Original Payment = $3,200
New Payment = $2,544

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Original Payment = $2,271
New Payment = $1,324

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Original Payment = $1,858
New Payment = $1,168

Client was more than 22 months late,
and foreclosure sale date was 3 days away.

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Original Payment = $1,830.23
New Payment = $1,355.21

Past Due Over $17,000 moved to the back of the loan.

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Original Payment = $2,120
New Payment = $940

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Payments cut in half

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Original Payment = $2800.00
New Payment = $982.93

Original Rate = 9.65%
New Rate = 2% for the LIFE of the loan!

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Original Payment = $5487.32
New Payment = $3438.35

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15% reduction in payments
12 months of past due payments recapitalized

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This client had her home built in 1995. Delinquent 10 months. Ocwen gave her a loan mod last year and then they canceled the agreement FOR NO REASON.
Original Payment = $559
New Payment = $394

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Original Payment = $1,578
New Payment = $859

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Original Rate = 8.875%
New Rate = 3.875%

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$49,872.50 moved to back of loan
First payment pushed out 2 months

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Original Payment = $2,851
New Payment = $1,529

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Old Payment $1555.23
New Payment $1241.15

Nine months behind on mortgage payments
$15,000 moved to the back of the loan.

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This modification was achieved after the borrower had the mortgage debt DISCHARGED UNDER CHAPTER 7.
This is a BIG milestone to overcome.

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The client was in adjustable rate mortgage that reset from $1200.00 to $2000.00 per month. This case was opened up on 02-24-12 at Fresh Start Legal Network. Borrower had fallen behind 1 year and had a sale date for 02-29-12. We successfully negotiated and postponement the sale as well as a reduction of payment to $1295.28
Another ABSOLUTELY SATISFIED CUSTOMER!

Refinance Deal a Relief to Franklin Couple

By DENIS PAISTE
New Hampshire Union Leader

MANCHESTER — Ernesto L. and Joy Gonzalez of Franklin are thankful that refinancing of their first and second mortgage has warded off foreclosure.

Both will be in their 90s by the time the last payments on their new 40-year mortgages come due in 2050.

But their monthly payments have been reduced by $856 a month since refinancing, and that makes their home ownership manageable — and brings the couple out from under the storm clouds of uncertainty that were shoved into the Gonzalez’s lives by the fraud and failure of Financial Resources Mortgage Inc.

“We still get to keep our home, so we’re happy about it,” Ernesto Gonzalez said in a telephone interview. “We consider ourselves really blessed.”

The laid-off high school teacher first approached the New Hampshire Union Leader for help in telling his story last spring as he sought to forestall a foreclosure auction on his West Franklin home at 13 Upland Drive.

Gonzalez had previously financed the home, in 2007, through FRM, of Meredith, and believed that loan transaction had improprieties and was “predatory” in nature.

In October, Scott D. Farah of FRM and Donald E. Dodge or CL&M Inc. pleaded guilty to federal fraud charges for their roles in the mortgage business-turned-Ponzi scheme that bilked more than 150 investors of tens of millions of dollars.

In plea agreements negotiated with federal prosecutors, the men could face prison terms of up to 10 to 20 years. Sentencing is set for January.

Modified mortgages

Although initiated through FRM, the Gonzalez loan was sold on the secondary market.

With the help of Timothy M. Stull, co-owner of Fresh Start Legal Network, the Gonzalezes were able to refinance both a first and a second mortgage.

The first mortgage, through America’s Servicing Co., a Wells Fargo subsidiary, went from 30 years at 6.5 percent to 40 years at 3 percent; the second mortgage, now held by Real Time Resolutions, also went to 40 years at 3 percent.

Stull, of Arizona-based Fresh Start, said, “Real Time Resolutions closed the case; they were real cooperative. Wells Fargo started getting squirrelly in the middle of it.”

Although he is not a lawyer, Stull personally intervened in the Gonzalez case. “In Ernesto’s case, it was pretty hairy and I had to step in and get involved,” he said.

Representatives of Wells Fargo and Real Time Resolutions did not respond to requests for comment.

Both Stull and Gonzalez view the experience as a cautionary tale for others facing foreclosure.

“Even though the banks have come out and said don’t get anyone else involved in these cases,” Stull said, “when you bring in a third party, all of the emotion and the collection gimmicks that the banks try to throw at people go out the window.”

“If you can afford an attorney, that’s your best bet, and if not, try to use HUD counseling to the best of your ability,” Stull said. Attorneys typically charge a flat fee of $2,000 to $3,000 for a mortgage modification, he said.

More than 3.73 million modification arrangements were started between April 2009 and the end of August 2010, which was more than double the number of foreclosure completions during that time, according to a joint report from the federal departments of Housing and Urban Development and Treasury.

Gonzalez said he and his wife defaulted on their mortgage payments in December 2009 after he was laid off as a Spanish teacher from Coe-Brown Northwood Academy. Gonzalez is still looking for work.

He and his wife, Joy, do volunteer driving for Medicaid patients, and their only reimbursements are mileage expenses.