Mr. Smith* came to the NTHC offices not long after his niece passed away from brain cancer. Shortly after his niece had been diagnosed, he had begun assisting her with her medical costs, which caused him to become four months behind on his mortgage loan.

He received a modification with a fixed interest rate of 5.5% for the life of the loan. His original interest rate was 7% at the time of intake and he was showing to be four months behind with a pending sale date for foreclosure auction.

Once he came in for help with his foreclosure, NTHC assisted him by gathering all of his documents in order so that he could apply for a loan modification. He was put on a trial modification for three months. After he completed the three months the servicer reviewed all of the documents for the final decision, which was a denial.

The final modification was denied after a Title search was performed which showed several judgments against Mr. Smith. Upon further review of his credit report, it was determined that these judgments were an error. 

NTHC contacted one of its partners at Republic Title who was able to perform a search of liens within the court system which provided the actual social security number linked to the correct defendant. The title company provided NTHC staff with the appropriate form known as a "not the same person affidavit" and this allowed the mortgage company to proceed with the final modification.

Mr. Smith's loan modification was then approved so that he was able to keep his house.

* Name was changed to protect the privacy of the NTHC client.

Home Buying Counseling and foreclosure prevention programs in Somerville, Glen Rose, Rainbow Erath, Dublin, Morgan Mill & Stephenville.