San Diego, CA (1888PressRelease)
November 11, 2008 - Veritus Funding announced it has been licensed by the Department of Real Estate in California to legally carry out Loan Modifications and will be a mediator between borrowers and lenders in order to restructure the loan terms of default, or near default, loans.
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.
For nearly a year now, Veritus Funding has been working closely with mortgage brokers, lenders, and borrowers who have found themselves in a foreclosure, short sale, or forbearance. Veritus Funding 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 knowhow to continue being the leading funding company in loan modifications,” says Mark Brough, President of Veritus Funding. “Lenders and borrowers alike come to us because we are licensed by the Department of Real Estate in California, which simply means that we are known for doing it right.”
Veritus Funding’s Loan Modification program is available in all of California. For more information call Veritus Funding at 1(888) 563-5275 or visit Veritus Funding’s website: www.veritusfunding.com.
###
