877YouKeep Help To Prevent Over 100 Home Foreclosures As Mortgage Markets Fail

Loan modification company 877YouKeep (www.877youkeep.com) have helped prevent over 100 families from losing their homes, as repayment rates increase and the US economy continues to take a turn for the worse.

(21 October 2008) - - Loan modification company 877YouKeep (www.877youkeep.com) have helped over 100 families facing foreclosure to keep their home, as a result of loan modifications enabling more manageable monthly repayments for homeowners and preventing lenders from entering foreclosure procedures.

The number of foreclosures nationwide has risen starkly on figures from last year, as a result of a rising number of defaults through lax lending practices and a lack of regulation within mortgage markets. As a result, an increasing number of families are facing foreclosure with no apparent lifeline to allow them to keep their homes, leading to increased hardship at a time when the global economy is causing rising unemployment and other financial difficulties.

Similarly, as a result of the credit crunch mortgage lenders have adopted a more hard-line approach to repayment arrears, and are more rigorously enforcing their rights in security over family homes, leaving those unable to repay their monthly obligations without a roof over their heads.

Donald Morris of 877YouKeep believes an increasing number of homeowners could benefit from their expert help in modifying the terms of their mortgage agreement in order to retain their homes and set a more manageable monthly repayment rate.

“What we’re seeing at the moment is a sharp rise in the number of foreclosures as borrowers can’t afford to repay and lenders lose patience more quickly. For some homeowners, there is simply no way in which they could meet their monthly repayment obligations, and foreclosure can seem like an inevitability.”

“At 877YouKeep, we provide expert advice and assistance in renegotiating certain mortgage terms allowing borrowers to meet their obligations, and more importantly, keep their homes and prevent foreclosure.”

By working with homeowners and lenders to renegotiate certain mortgage terms, 877YouKeep has helped over 100 homeowners nationwide to keep their homes with more achievable monthly repayment targets.

About:
877YouKeep (www.877youkeep.com) is a loan modification company, helping homeowners facing repossession to modify their existing property loans in order to achieve a more manageable repayment rate. By working with homeowners facing foreclosure, 877YouKeep helps prevent foreclosures and allows ordinary families to remain in their homes despite adverse financial conditions.

Contact Information

Donald Morris

Spokesperson

877YouKeep

Contact via E-mail