Riverside A+ BBB Mortgage Loan Modification Help | Temecula, Murrieta, Inland Empire, California

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

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Riverside A+ BBB Mortgage Loan Modification Help | Temecula, Murrieta, Inland Empire, California

Welcome visit Our WebSite:

http://www.yourhomestart.com

There has been a slight relief in foreclosure in the 3rd quarter throughout the Inland Empire and Riverside County, but the foreclosure rate was still in the double digits range from over a year ago. Almost 28,000 mortgage defaults, auction sales, and bank repossessions were reported between the months of July and September 2009, which is a slight drop of 7% from the previous quarter but still up 16 percent on a year-to-date basis. On a National level Las Vegas has still seen the highest amount of foreclosure activity followed by Merced, Fort Myers, Florida, Stockton and Modesto, California. For those who are in the preforeclosure stage there is still time to act and receive help to keep you in your home! HomeStart specializes in loan modifications, which can provide homeowners some much needed relief during these tough times.

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 by the Obama administration. 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.

HomeStart's main purpose in assisting in your loan modification is to lower your monthly mortgage payment while providing you with accurate information regarding your specific situation and full service in setting up a home loan modification before foreclosure has the chance to set in. It is not too late to act!

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.

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