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

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 24, 2009 -- For A+ BBB Illinois Mortgage Loan Modification Companies go to www.YourHomestart.com

Anguished homeowners have enthusiastically been awaiting the mortgage loan modification program’s launch since it was first announced by President Obama on February 18, 2009. The loan modification plan will call for the servicer to reduce interest rates low enough so that their monthly obligation is no more than 38% of a borrower’s income before taxes, and then the government would be able to put in money to allow the payments to drop down to 31% of their income.

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

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http://www.yourHomestart.com

Cook County has thankfully seen a decrease in foreclosure fillings in the past months but unfortunately the same cannot be said for other counties in Illinois such as Will and Kane, these 2 counties alone have seen an increase of more than 50% in foreclosure filings when compared to the same time last year in 2008. This sharp rise in foreclosures combined with the highest unemployment rate that the state of Illinois has had to face in over 26 years could be an indication of more foreclosures to come in the near future. HomeStart specializes in helping those homeowners facing foreclosure with the loan modification process.

HomeStart is able to handle all the steps in the loan modification process including: Intake Processing, Underwriting, Bank Submission, Negotiations, Approvals and Contract Review. Contact HomeStart at anytime to discuss your financial hardship, we will listen and maintain the highest level of confidentiality. We have an entire team of experienced loan modification consultants who will help answer any questions you may have, regardless if you pursue a loan modification through HomeStart . We are here to help; start new, not over.

HomeStart possesses a solid and flawless A+ Better Business Bureau (BBB) rated reputation. In early August 2009, the California Department of Real Estate (DRE) reported that there were approximately 495,000 registered Real Estate & Mortgage Brokers in California, but less than 300 were licensed to perform mortgage loan modifications. HomeStart is one of the few licensed loan modification companies in California, and is able to practice in all 50 states.

Here is an example of a recent loan modification performed by HomeStart.

Property in San Diego, CA
Total monthly savings of $1,132.38/month

* Primary Residence:
Loan amount of $298,819 with an interest rate of 5.875% and monthly mortgage payments of$2,445.30.
* Modified to:
Interest Rate of 3.875% and new monthly mortgage payments of $1,312.92 fixed for 5 years; final interest rate of 5.375% and $1,481.94 monthly payments.

For more information please visit www.YourHomestart.com

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

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