New York A+ BBB Home Loan Modification Programs | Queens, Bronx, Manhattan, Albany, Buffalo

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 25, 2009 -- For A+ BBB New York Mortgage Loan Modification Programs go to www.YourHomestart.com

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New York A+ BBB Home Loan Modification Programs | Queens, Bronx, Manhattan, Albany, Buffalo

Welcome visit Our WebSite:

http://www.yourhomestart.com

The state of New York has unfortunately been seeing a drastic increase in foreclosure filings throughout the first and second quarters of 2009 according to a recent report from RealtyTrac. There has been an overall increase of 24 percent, which is slightly below the national average, but still nothing to smile at, and such a drastic increase in a short time period is something New Yorkers should and need to know. Thankfully New York managed to avoid ranking among the top ten states facing a budget disaster, they still saw a revenue drop of 17 percent from the 1st quarter of 2008 to the 1st quarter of 2009. Fortunately, there are viable measures residents may take to avoid foreclosure, thanks in part to the federal Homeowner Affordability and Stability Plan (HASP) 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.

The US Treasury Department is also encouraged by the new loan modification program which will include three of the nation’s largest banks including JPMorgan Chase, Wells Fargo, and Citigroup as some of the first to sign up for the new loan modification program. These banks have already begun the loan modification process under the program that kicked off earlier this year. HomeStart is one of the few loan modification companies to have the accredited A+ rating from the Better Business Bureau (BBB), and licensed by the California Department of Real Estate (DRE).

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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