Orange County A+ BBB Home Loan Modification Help | Santa Ana, Anaheim, Irvine

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 4, 2009 -- For A+ BBB Orange County Mortgage Loan Modification Services go to www.YourHomestart.com

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Orange County A+ BBB Home Loan Modification Help | Santa Ana, Anaheim, Irvine

Welcome visit Our WebSite:

http://www.YourHomestart.com

Orange County is experiencing the second highest foreclosure rate in California. Although they have actually been seeing a decline in foreclosures over recent months, Orange County’s foreclosure rate is still .30% above the national average. RealtyTrac.com reported 25,660 foreclosure homes and 5,944 new filings in August 2009. As you can see, despite the recent decline, numbers are still much higher than they should be. Perhaps this is because not enough people are taking advantage of the Homeowner Affordability and Stability Plan (HASP), which has already helped 500,000 people stay in their homes.

HASP 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.

HASP was originally designed for responsible homeowners who have been seriously affected by the worsening economy and resulting increasing unemployment, however, with the rate of foreclosures becoming so high, almost any home owner with legitimate financial hardships (ie. divorce or separation, illness, unemployment, reduced pay, etc) can qualify for a mortgage loan modification. The recent economic downturn has caused countless people to lose their jobs, and HASP focuses on preventing these people from losing anything else.

HomeStart is the only A+ BBB rated and DRE licensed Loan Modification Company in California and specializes in these cases. HomeStart has established close relationships with many of the large banks and lenders and has experienced attorneys ready to work on your mortgage loan modification . We provide trusted service and have helped many families save their homes by lowering both monthly mortgage payments and the principle balance. HomeStart is not a high-volume, mortgage and loan Modification Company and you will never receive a customer number. We keep our A+ BBB rating 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. Don’t wait until it’s too late, call HomeStart today.

Here is one 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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