Home prices will continue to fall through 2011

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 6, 2009 -- Deutsche Bank today has predicted that home prices will continue to fall through 2011. States suffering the worst negative equity are California, Florida, Arizona, Nevada, Ohio, Michigan, Illinois, Wisconsin, Massachusetts and West Virginia. Areas of Florida and California could see 90 percent of homes underwater by 2011.

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Home prices will continue to fall through 2011

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President Obama has asked banks to increase the number of loan modifications they process. A new loan modification plan was announced to offer help to over 7 million homeowners facing foreclosure. The loan modification program is funded by $75 billion dollars and seeks to offer an explanation to the growing numbers of foreclosures across the homeland.

We have a national crisis forming. There is a huge supply of customers who are in need of loan modifications and the demand is only growing. Demand for loan modification experts is in extreme demand right now and the government has signaled its willing to help these businesses. The Obama administration met with the financial industry last week and worked out a goal of 500,000 completed mortgage modifications by November.

Senator Dick Durbin said on Monday that if the financial industry is not able to complete 500,000 mortgage modifications by November he would pursue legislation ratcheting up the pressure on the industry. “Americans don’t have time for any more voluntary half-measures that fail to significantly reduce avoidable foreclosures,”

The government is signaling to the banks that they need to step up production and work more efficiently to process loan modifications. The banks have said they do not want to deal with the homeowner so there is a clear demand for skilled professionals in the mortgage modification industry to provide their expertise.

For those professionals seeking to enter this market Captaloans (www.captaloans.com) has proven to be the market leader for loan modification software. Easily track and manage hundreds of loan modifications online and allow the homeowner free online access to check status 24/7. For more information and pricing visit http://www.captaloans.com

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