Foreclosure Assistance
Do you Need Foreclosure Assistance?
Are you 1 of 30 million Americans who are struggling to make their monthly mortgage payment? The economy is wreaking havoc on homeowners due to job losses, interest rate increases, and reduction in house values. The Federal Government is aware of the challenges we as homeowners face. Therefore, in 2008, the Senate introduced a legislative package intended to address the national housing crisis and help Americans avoid foreclosure. The Housing and Economic Recovery Act of 2008 resulted. One element of The Housing and Economic Recovery Act of 2008 is designed to save America’s hard-working families from foreclosure. The process is called Loan Modification and it is available to you now! What is Loan Modification?Loan modification is a service whereby a homeowner's mortgage is modified and both lender and homeowner are bound by the new terms. The most common modifications are a lowering of the interest rate, reducing the principal balance, 'fixing' adjustable interest rates, increasing the loan term, forgiveness of payment defaults & fees, or any combination of these. Foreclosure-Shield.com’s Loan Modification specialists can help you determine the best modification option for your unique situation. Please fill out our form and we will provide you with a free Loan Modification evaluation.Will my Lender Modify My Loan? Your lender should work with you but they are not obligated to do so. Our clients have had mixed results when dealing with their lenders directly. Many times they turn to Foreclosure-Shield.com because they have reached a dead end when negotiating a loan modification on their own. Recently, ABC News’ Nightline Investigation ran a Loan Modification Segment.
|
|||||||