Banks Temporarily Freeze Foreclosures As Loan Modification Demand Rises

October 20th 2010 Florida- In an effort to stabilize the housing market, several Banks have voluntarily suspended foreclosures while they analyze their internal records. As a record number of homeowners begin to face foreclosure, lending institutions are struggling to put a plan in place to fix this national problem.

Many homeowners who are either behind with their payments or facing foreclosure have begun to explore the possibility of modifying their existing loans. With many options available (including government programs), the task of finding a solution can be very confusing. www.usmortgagerelief.org has been established as a central location where homeowners can learn about all of the loan modification options available. Homeowners can get qualified free and discover the many programs available.

As the laws and regulations continue to change, www.usmortgagerelief.org stays on top of the latest mortgage options available. Many of the programs do not require homeowners to have good credit or even a perfect mortgage history. Additionally, home equity is also not considered a qualifying factor.

Individuals who are stuck in a high interest rate mortgage, behind on payments or even facing the possibility of foreclosure can visit www.usmortgagerelief.org and learn about possible help options. They may also be contacted directly at 888-563-6060

Contact Information

Peter Parente

Marketing Director

US Mortgage Relief

Contact via E-mail