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