Facing foreclosure is a terrifying experience, especially when you have built a life in your home for nearly a decade. Recently, a client came to United Capital Mortgage Assistance (UCMA) in a precarious position. He was eight months behind on his mortgage payments, owing more than $11,000 in arrears to Lakeview (subserviced by LoanCare).
His original mortgage payment was $1,364.44 on a Fannie Mae loan. He had already received threatening letters from Lakeview’s foreclosure attorneys and was understandably shaken by the prospect of losing his home of nine years. He needed help, and he needed it fast.
The Complication: A Title Issue
At UCMA, we don’t just fill out forms; we analyze the entire picture. After qualifying him for assistance, we began preparing the specific documentation Lakeview requires for a Fannie Mae loan modification.
During our consultation, a critical detail emerged: the client’s ex-wife was still listed on the Deed to the property, even though she was not on the Mortgage.
We knew immediately that Lakeview would reject any modification attempt without a recorded Quit Claim Deed—a legal document where the ex-spouse relinquishes their rights to the property. While the client assured us his ex-wife was cooperative, the clock was ticking. He had an unrecorded copy, but his divorce attorney was still waiting for the official recorded copy from the Clerk of the Circuit Courts.
Time was a luxury this client did not have.
The UCMA Solution
We developed a strategy to move forward without delay:
Immediate Preparation: We utilized a prepaid FedEx envelope to retrieve all financial documents and the unrecorded Quit Claim Deed from the client immediately.
Strategic Submission: We compiled the loan modification package in the specific format we know Lakeview prefers. We submitted the package to get the file open, explicitly informing the lender that the recorded deed would follow within 7 days.
Coordination: We kept the pressure on. Once the client’s attorney received the recorded Quit Claim Deed, we forwarded it to Lakeview “forthwith.”
Verification: We verified that Lakeview accepted the package as complete and, most importantly, confirmed that all attorney foreclosure actions were suspended while they analyzed the file.
The Result: Approved and Affordable
Through consistent follow-up and numerous phone calls to Lakeview, we achieved a successful outcome.
Not only did we stop the foreclosure, but we also secured a Fannie Mae Loan Modification that lowered his monthly expenses.
Original Payment: $1,364.44
New Modified Payment: $1,247.49
Status: Current and Reinstated
Once the modification was offered, we guided the client through the final steps—explaining exactly how to sign and notarize the documents. We didn’t close the file until we verified with Lakeview a few days later that the documents were received and the client was officially current on his mortgage.
The Client’s Experience
The relief was immediate. Our client was thrilled to put the fear of foreclosure behind him. After receiving his final update, he sent us this message:
“Thanks to everyone who help(ed) me avoid foreclosure and keep my home. I am back on my feet, thanks. You guy(s) are great!” — L.M.
Are You Facing Foreclosure?
Complex issues like divorce deeds, missed payments, or aggressive lender attorneys don’t have to mean the end of your homeownership.
If you are behind on your payments or facing foreclosure with Lakeview, LoanCare, or any other lender, contact United Capital Mortgage Assistance today.
Disclaimer: United Capital Mortgage Assistance (UCMA) is a private company and is NOT associated with the government, any government agency or any mortgage lender/servicer. UCMA is NOT a law firm and does not provide legal advice. All claims of success are based on past results and are not a guarantee of future outcomes.
Case Study: Navigating Divorce Title Issues to Stop a Lakeview Foreclosure
The Situation:
Facing foreclosure is a terrifying experience, especially when you have built a life in your home for nearly a decade. Recently, a client came to United Capital Mortgage Assistance (UCMA) in a precarious position. He was eight months behind on his mortgage payments, owing more than $11,000 in arrears to Lakeview (subserviced by LoanCare).
His original mortgage payment was $1,364.44 on a Fannie Mae loan. He had already received threatening letters from Lakeview’s foreclosure attorneys and was understandably shaken by the prospect of losing his home of nine years. He needed help, and he needed it fast.
The Complication: A Title Issue
At UCMA, we don’t just fill out forms; we analyze the entire picture. After qualifying him for assistance, we began preparing the specific documentation Lakeview requires for a Fannie Mae loan modification.
During our consultation, a critical detail emerged: the client’s ex-wife was still listed on the Deed to the property, even though she was not on the Mortgage.
We knew immediately that Lakeview would reject any modification attempt without a recorded Quit Claim Deed—a legal document where the ex-spouse relinquishes their rights to the property. While the client assured us his ex-wife was cooperative, the clock was ticking. He had an unrecorded copy, but his divorce attorney was still waiting for the official recorded copy from the Clerk of the Circuit Courts.
Time was a luxury this client did not have.
The UCMA Solution
We developed a strategy to move forward without delay:
The Result: Approved and Affordable
Through consistent follow-up and numerous phone calls to Lakeview, we achieved a successful outcome.
Not only did we stop the foreclosure, but we also secured a Fannie Mae Loan Modification that lowered his monthly expenses.
Once the modification was offered, we guided the client through the final steps—explaining exactly how to sign and notarize the documents. We didn’t close the file until we verified with Lakeview a few days later that the documents were received and the client was officially current on his mortgage.
The Client’s Experience
The relief was immediate. Our client was thrilled to put the fear of foreclosure behind him. After receiving his final update, he sent us this message:
“Thanks to everyone who help(ed) me avoid foreclosure and keep my home. I am back on my feet, thanks. You guy(s) are great!” — L.M.
Are You Facing Foreclosure?
Complex issues like divorce deeds, missed payments, or aggressive lender attorneys don’t have to mean the end of your homeownership.
If you are behind on your payments or facing foreclosure with Lakeview, LoanCare, or any other lender, contact United Capital Mortgage Assistance today.
Call us now for a consultation:
1-800-474-1407 Visit us online: ucma.com
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