A failed Chapter 13 bankruptcy doesn’t have to mean losing your home. At United Capital Mortgage Assistance (UCMA), we specialize in complex foreclosure prevention cases where other options have failed.
In this recent case study, we assisted a homeowner who was facing an aggressive foreclosure timeline with Specialized Loan Servicing (SLS)—now known as Shellpoint Mortgage Servicing.
The Challenge: Failed Bankruptcy & Deep Delinquency
When this client contacted us, their situation was critical. They were 14 months behind on their mortgage and facing a delinquency of over $43,000.
Original Payment: $3,056.51
The Complication: The homeowner had previously filed for Chapter 13 bankruptcy to stop foreclosure. However, they fell behind on the trustee payments, leading to a “Relief From Automatic Stay.” This closed their bankruptcy case and left them vulnerable to immediate foreclosure, despite having a substantial monthly income.
The UCMA Solution
We immediately stepped in to bridge the gap between the homeowner and the servicer.
Correcting the Paperwork: One of the biggest hurdles in loan modifications is incomplete or incorrect documentation. We guided the client through the entire application process, ensuring every line item met SLS/Shellpoint’s strict guidelines.
Timely Submission & Updates: We submitted the complete file for review and maintained consistent communication with the lender. We kept the client informed at every stage, providing peace of mind during a stressful transition.
The Result: Foreclosure Stopped
Despite the massive arrears and the failed bankruptcy, we successfully negotiated a Loan Modification that brought the loan current.
Status: The $43,000+ delinquency was resolved, and the homeowner is 100% current.
Outcome: We secured a stable PITI payment of $3,297.27. While this slightly adjusted the monthly amount to account for the capitalized arrears, it allowed the client to keep their home and avoid a foreclosure auction.
The client was incredibly thankful to have a second chance at homeownership after the bankruptcy dismissal.
Are you struggling with Specialized Loan Servicing/Shellpoint? If you have fallen behind on payments or your Chapter 13 bankruptcy has failed, you still have options. UCMA can review your case and help you pursue a life-saving loan modification.
Failed Chapter 13? How We Saved a Home from Foreclosure with SLS/Shellpoint
A failed Chapter 13 bankruptcy doesn’t have to mean losing your home. At United Capital Mortgage Assistance (UCMA), we specialize in complex foreclosure prevention cases where other options have failed.
In this recent case study, we assisted a homeowner who was facing an aggressive foreclosure timeline with Specialized Loan Servicing (SLS)—now known as Shellpoint Mortgage Servicing.
The Challenge: Failed Bankruptcy & Deep Delinquency
When this client contacted us, their situation was critical. They were 14 months behind on their mortgage and facing a delinquency of over $43,000.
Original Payment: $3,056.51
The Complication: The homeowner had previously filed for Chapter 13 bankruptcy to stop foreclosure. However, they fell behind on the trustee payments, leading to a “Relief From Automatic Stay.” This closed their bankruptcy case and left them vulnerable to immediate foreclosure, despite having a substantial monthly income.
The UCMA Solution
We immediately stepped in to bridge the gap between the homeowner and the servicer.
Correcting the Paperwork: One of the biggest hurdles in loan modifications is incomplete or incorrect documentation. We guided the client through the entire application process, ensuring every line item met SLS/Shellpoint’s strict guidelines.
Timely Submission & Updates: We submitted the complete file for review and maintained consistent communication with the lender. We kept the client informed at every stage, providing peace of mind during a stressful transition.
The Result: Foreclosure Stopped
Despite the massive arrears and the failed bankruptcy, we successfully negotiated a Loan Modification that brought the loan current.
Status: The $43,000+ delinquency was resolved, and the homeowner is 100% current.
Outcome: We secured a stable PITI payment of $3,297.27. While this slightly adjusted the monthly amount to account for the capitalized arrears, it allowed the client to keep their home and avoid a foreclosure auction.
The client was incredibly thankful to have a second chance at homeownership after the bankruptcy dismissal.
Are you struggling with Specialized Loan Servicing/Shellpoint? If you have fallen behind on payments or your Chapter 13 bankruptcy has failed, you still have options. UCMA can review your case and help you pursue a life-saving loan modification.
Contact us today for a free consultation!
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