Bakersfield A+ BBB Home Loan Modification Programs | Fresno, Modesto, California
Author: Homestart
For A+ BBB Bakersfield Mortgage Loan Modification Services CLICK HERE
As unemployment continues to rise throughout the United States, many Americans are faced with the possibility of losing their homes. California has been hit especially hard, experiencing the second highest foreclosure rate in the country. Of the many cities in California affected by the current housing crisis, Bakersfield holds one of the highest city foreclosure rates, with one in every 35 homes receiving a foreclosure filing. Other California cities in the top ten include Merced, Modesto, Stockton, and Riverside, according to a report by CNBC. What many homeowners don't realize is that even if you're behind on payments it is not too late to get help. HOMEstart is a loan modification company that may be able to renegotiate the terms or your loan to make payments more affordable.
The Homeowner Affordability and Stability Plan is a $75 billion plan, put into place by the Obama Administration in early 2009 in hopes of modifying distressed mortgages, keeping borrowers in their homes. Obama's plan requires major lenders and banks to participate in reducing monthly mortgage payments to less than 40% of the borrower's gross monthly income. The resulting losses lenders and banks incur would be refunded by Obama's $75 billion HASP budget. HASP gives lender's extra incentive to participate by offering compensation for each loan that they successfully modify. In addition, a principal balance reduction of up to $1,000 each year, for 5 years, is rewarded to borrowers for making consistent payments.
HOMEstart is the only business in California with an A+ rating from the Better Business Bureau in both loan modification and real estate loan modification. While the California DRE reported approximately 495,000 registered Real Estate and Mortgage Brokers in California in August 2009, only a mere 300 were licensed to perform mortgage loan modifications. HOMEstart has been successful in close to 90% of submitted loan modification applications. We will work on even the toughest cases, which require more time and resources. HOMEstart is able to provide A+ BBB rated services because we have established personal relationships with the largest mortgage lenders to expedite the loan modification process. We have an entire team of experienced loan modification consultants who are ready to help answer any questions you may have.
For more information please visit www.YourHomestart.com
As unemployment continues to rise throughout the United States, many Americans are faced with the possibility of losing their homes. California has been hit especially hard, experiencing the second highest foreclosure rate in the country. Of the many cities in California affected by the current housing crisis, Bakersfield holds one of the highest city foreclosure rates, with one in every 35 homes receiving a foreclosure filing. Other California cities in the top ten include Merced, Modesto, Stockton, and Riverside, according to a report by CNBC. What many homeowners don't realize is that even if you're behind on payments it is not too late to get help. HOMEstart is a loan modification company that may be able to renegotiate the terms or your loan to make payments more affordable.
The Homeowner Affordability and Stability Plan is a $75 billion plan, put into place by the Obama Administration in early 2009 in hopes of modifying distressed mortgages, keeping borrowers in their homes. Obama's plan requires major lenders and banks to participate in reducing monthly mortgage payments to less than 40% of the borrower's gross monthly income. The resulting losses lenders and banks incur would be refunded by Obama's $75 billion HASP budget. HASP gives lender's extra incentive to participate by offering compensation for each loan that they successfully modify. In addition, a principal balance reduction of up to $1,000 each year, for 5 years, is rewarded to borrowers for making consistent payments.
HOMEstart is the only business in California with an A+ rating from the Better Business Bureau in both loan modification and real estate loan modification. While the California DRE reported approximately 495,000 registered Real Estate and Mortgage Brokers in California in August 2009, only a mere 300 were licensed to perform mortgage loan modifications. HOMEstart has been successful in close to 90% of submitted loan modification applications. We will work on even the toughest cases, which require more time and resources. HOMEstart is able to provide A+ BBB rated services because we have established personal relationships with the largest mortgage lenders to expedite the loan modification process. We have an entire team of experienced loan modification consultants who are ready to help answer any questions you may have.
For more information please visit www.YourHomestart.com
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