Loans Owned by ABFC Trust
Situations sometimes arise where lenders are ordered to pay billions of dollars in fines and they can get credit for payments by granting principal reduction loan modifications, including forgiving missed payments, arrears, and principal. There are instances where lenders will buy pools of non-performing loans, including many from Fannie Mae and Freddie Mac, under new names and granting loan modifications on these loans. ABFC Trust is one such company that is offering these modifications on purchased loans.
If you have a loan owned by ABFC Trust, we can help you find out if your loan is eligible for a principal reduction loan modification.
Other Companies Providing Principal Reduction Loan Modifications
Principal reduction loan modifications are also being offered by these companies:
World Savings Bank – Wells Fargo has been granting modifications under the name World Savings Bank after getting penalized for providing misleading “Pick-A-Payment” loans, where borrowers could choose their payment amount each month, but were not informed that the loan amount would increase if they chose the lowest payment.
Contact Ira Metrick Today
If you have a loan owned by ABFC Trust, MTGLQ Investors, or World Savings Bank, contact Ira J. Metrick today so we can discuss your situation and determine whether your loan is eligible for a principal reduction loan modification.