Illinois A+ BBB Home Loan Modification Company | Chicago, Naperville, Glenview

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 4, 2009 -- For A+ BBB Illinois Mortgage Loan Modification Services CLICK HERE

1 2

Illinois A+ BBB Home Loan Modification Company | Chicago, Naperville, Glenview

Welcome visit Our WebSite:

http://www.youhomestart.com

Not only is the housing crisis far from over, according to a new article in the Huffington Post, in Illinois it may be getting worse. The article cited a new report from RealtyTrac in which foreclosure filings jumped 56 percent in October, resulting in the highest monthly total for Illinois since January 2005. Illinois had the third-highest number of foreclosures in the nation last month with 19,946, and was the only state with a foreclosure rate in the top 10 to see in increase in foreclosure activity.

It is vital for Illinois residents to understand that they do have viable measures to avoid foreclosure, thanks in part to the federal Homeowner Affordability and Stability Plan implemented last spring. With a $75 billion total budget, the plan aims to help a projected four million homeowners over the next three years by reducing monthly interest rates and encouraging borrowers to adopt a loan modification plan.

A loan modification is a permanent change in one or more of the terms of your loan. The purpose of a loan modification is to allow the borrower to meet the new loan modification terms, allowing them to prevent foreclosure. A loan modification is not a refinance; it is the restructuring of the loan terms. In other words, a loan modification is a contractual agreement between the Lender and the Borrower to provide long term relief from unaffordable loan terms. Loan modifications can lower your interest rate, monthly mortgage payments, and the principle balance. Remember the cost of foreclosure to the Lender is higher than new loan modification terms; therefore, lenders are open to loan modifications to prevent foreclosure.

HOMEstart has established close relationships with large banks and lenders and has experienced attorneys ready to negotiate your mortgage or loan modification. The trusted services we provide have helped many families save their homes, hundreds a month on mortgage payments and thousands off their Principle Balance. HOMEstart is not a high-volume mortgage and loan Modification Company and you will never receive a customer number. We have received an A+ rating from the Better Business Bureau (BBB) by providing personal and dependable service to our customers. We provide free consultation to analyze your current situation so that together we can provide a workable solution that is acceptable to both you and your Lender. We are here to help; start new, not over.

For more information please visit www.YourHomestart.com

More information can be found online at http://www.youhomestart.com

Illinois loan modification     mortgage loan services