I celebrate every success story when clients receive a loan modification that enables them to retain their home. This week was another celebration week. A client experienced a loss in their family resulting in less retirement income (when we lose a spouse our social security income will decline, the living spouse will receive the greater of funds his or her partner received rather than 2 checks). With reduced income my client became eligible for a HAMP modification. She received a reduction in payment this week of more than $200 per month. This reduction will enable this client to retain their home and live in greater financial serenity.
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