Loan Modification Offers Escape Hatch To Stressed Real Estate
Market
Released
on: November 19, 2008, 6:21 am
Press Release Author: Level 343/Gabriella
Sannino
Industry:
Real Estate
Press
Release Summary: Most Homeowners Unaware Of Options To Avoid Foreclosure.
250,000 new families will enter foreclosure every three months
according to the Mortgage Bankers Association.
Press
Release Body: Over 60% of those families don’t know about
services and options that mortgage lenders offer to help avoid
foreclosure.
Most
homeowners try and get refinancing for their home loan if they
fear foreclosure. Others try to negotiate a “short sale”
or just accept the foreclosure and walk away. Many homeowners
have never heard of loan modification, a legal process that a
homeowner can use to renegotiate loan terms with the current lender
to reflect current financial circumstances.
“The
people I’ve worked with in the past either don’t know
what loan modification is, or they believe loan modification requires
a high-priced specialist,” said Troy Fullwood,
creator of the Loan Modification Toolbox. “Most
homeowners could do it themselves if they just get access to the
information,” he added.
Most
or all of the fees associated with loan modification can be rolled
up into the new balance according to HUD guidelines. Because loan
modification doesn’t usually require upfront fees, it’s
a viable option for cash strapped families.
Considering
that a home is the largest investment most people will ever make,
the opportunity to save that investment offers a lifeline to many
affected by recent market trends.
The
Loan Modification Toolbox was created by Troy Fullwood
to offer a loan modification roadmap and information at a fraction
of a specialist’s cost. The Loan Modification Toolbox,
offers step by step plans, necessary forms and lender negotiation
requirements to homeowners trying to stop foreclosure.
Web
Site: http://www.loanmodificationtoolbox.com
Contact
Details: If you’d like more information about this product,
or to schedule an interview with Troy Fullwood, please email Pinnacle
Investments at info@pinnacle-investments.com.
Loan
Modification
575 W. Chandler Blvd, Ste 220
Chandler, AZ 85225
(P)
480-831-5067 Ext: 2
(F) 480-831-5068
2009
