New Loan Modification Programs Are Helping Homeowners Stop Foreclosure & Cut Payments
June 8, 2010 Washington DC--New loan modification programs are finally in place and redesigned to help a wider segment of the population.
Many of the previous loan modification programs were ineffective because they were too restrictive, thus disqualifying the majority of homeowners from getting help. Once this problem was recognized, dramatic changes were made which expanded and added new programs to help many who were unable to qualify before. Due to increased demand and a flood of inquiries, a qualifying website has been setup, www.usmortgagerelief.org.
Homeowners who are currently in foreclosure, behind on their mortgage or simply stuck in a payment that is too high can visit the site for free to see if they are eligible for help. If qualified, many homeowners can expect foreclosures or past due payments to be brought back to a current status. Additionally, it is very common to see mortgage payments drop by 40%.
The Obama program (Making Homes Affordable) is just one of many loan modifications available. Some of the other programs include HAMP, HARP and HOPE. To find out more about the benefits of each loan modification program, visit www.usmortgagerelief.org
- Contact Information
- Peter Parente
- Marketing Coordinator
- US Mortgage Relief Organization
- Contact via E-mail
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