Mr. Liriano Had to Forego Mortgage Payments to Pay His Son's Medical Bills
Mr. Liriano contacted the Greater Washington Urban League regarding housing counseling to obtain a loan modification on the 2nd lien on his home. Mr. Liriano is 40 years of age, married, father of 2 children. He made an appointment for housing counseling which to discuss credit and budgeting. Mr. Liriano has a special needs child who had a large amount of medical expense that could not be paid. Mr. Liriano felt forced to pay his son's medical expenses and forego his 2nd mortgage payments. His monthly payment for the 2nd lien was $123.89, he had a default amount of $14,123.66 and an unpaid balance of $59,219.96.
ResultWith the Urban League's assistance, Mr. Liriano has been granted a loan modification with a 0% interest rate, and will continue to pay the original monthly amount of $123.00.