Back in 2008 I lost my job after 10 years. Fortunately for our family, my wife kept her job so we were able to stay current on our 1st mortgage but we fell behind and eventually stopped paying our 2nd mortgage completely. At the time we tried to negotiate new loan terms but our big bank lender required all past due amounts before they would even consider modifying our second loan. With my income loss we simply didn’t have the money to bring the loan current. After a few years of hearing nothing, we find out our loan was transferred to Situs Investments LLC. Tyler, the workout specialist at Situs assigned to our loan was great in listening to our story, and together we were able to come to a loan modification with payments we can manage. I’ve been back to work for some time now, so I’m happy to get this problem resolved and start building equity in our home once again.

- John T. – Norfolk, VA

As a single Father of two young children, I had a very rough time after the recession hit. I’m a real estate broker who, at the time had a very successful office. Since I’m in the real estate business, I know a thing or two about mortgage lenders. Both my 1st and 2nd mortgages were initiated with the same bank back in 2006 when I bought my home. When the bubble burst I was forced to stop paying on both mortgages. After what seemed like a year of negotiations, I managed to get a loan-modification on my first mortgage. My 2nd mortgage sat quiet for five years until out of what seemed like nowhere I was contacted by Situs to discover they now owned my loan. It was refreshing to talk to a real person who understood my struggles over the past few years. The good news is that my business is back on its feet, and therefore so am I. Situs offered me a few payment options. I couldn’t pass up the discounted payoff option. I took a one time hardship withdraw from my 401K which saved me tens of thousands over the term of the loan in addition to being a great investment. With the large discount Situs offered I made better use of my money than keeping it in my 401K. . I couldn’t be happier.

- Robert G. – Ocean City, MD

A few years ago I went through a very difficult divorce. It took a tremendous toll on me. I wasn’t able to pay my mortgages. Eventually I was able to get a government loan modification for my first mortgage which lowered my payment to something I could afford. I wasn’t so lucky with my second mortgage. My lender was impossible to work with. After a couple years, they began foreclosing on my home, and then the loan was suddenly transferred to Situs Investments LLC. Within one day of my initial contact my workout specialist at Situs came up with three payment options for me to choose from. I choose option #2, they reinstatement option. I paid my loan arrears up front and now I have an affordable monthly payment with a reasonable interest rate even though my credit was severely damaged from the divorce and my loan default that was recorded on my credit report. I consider myself lucky. A close friend of mine wasn’t so lucky. Her home was foreclosed on by her second mortgage lender and now she rents.

- Julie G. – Newtown, PA

After my husband’s heart attack in 2007, I thought we were going to lose our home after many sleepless nights. The staff at Situs Investments made sure we would be able to afford our mortgage payments and keep our loving home. We owe a big Thank You to Bobbi and the loan department At Situs for giving us another chance.

- Nancy R. – Freemont, CA