(1888PressRelease)
May 04, 2009 - ModificationProfessor announced it has launched its new product; an easy step by step guide to achieving a loan modification. Loan Modifications allow for home owners to stay in their homes and afford their payment. Recently President Obama announced the highlights of his $70 billion plan to subsidize the modification process and give lenders the incentive to work with consumers. This has prompted a boom in the modification and real estate industry. In the same announcement. President Obama highlighted the need for consumers to call their lenders and modify their own loans without paying someone else to do it for them.
Compared to last year at this time, the number of homeowners caught up in the foreclosure crises has risen a staggering seventy percent, over 766,000 homes. By the end of the year it is expected that more and one million homes, which represents nearly one-third of all properties for sale in the United States, will be piled up on the market. It is estimated the roughly 9 million homeowners are seeking a loan modification this year alone.
For nearly two years, the staff at ModificationProfessor has been working closely with mortgage brokers, lenders, and borrowers who have found themselves in a foreclosure, short sale, or forbearance. ModificationProfessor has been mediating various mortgage repayment programs, such as: lowering interest rates, extension of loan terms, a different loan all-together, or in some cases a mixture of those solutions.
"In today's real estate climate, it is good to know we have the experience and know how to continue being the leading educational provider in loan modifications," says Mark Brough, President of ModificationProfessor. "Lenders and borrowers alike come to us because we have the experience and track record."
ModificationProfessor's Self Help Loan Modification and Do It Your Self Loan Modification programs are available throughout the United States. For more information visit out website at www.modificationprofessor.com
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