Success Story: Mr. B. of Escondido
Congratulations to Mr. B. of Escondido! He suffered a large reduction in income while working in the real estate industry. Through our efforts with his lender, Countrywide (and later Bank of America) we were able to obtain a loan modification decreasing his monthly house payment from $3,221.00 to $2,720.00, or a 17% reduction. In addition, his lender also gave him a principal reduction in the amount of $308,000.00!