San Jose A+ BBB Mortgage Loan Modification Programs | Sunnyvale, Santa Clara, California

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 1, 2009 -- For A+ BBB San Jose Mortgage Loan Modification Services go to www.YourHomestart.com

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San Jose A+ BBB Mortgage Loan Modification Programs | Sunnyvale, Santa Clara, California

Welcome visit Our WebSite:

http://www.YourHomestart.com

California currently accounts for over a quarter of the nation’s foreclosures, recently reporting over 250,000 foreclosure filings in the third quarter of 2009. This is an increase of nearly fifty percent from October last year! Seven of the nation’s top ten metro foreclosure rates came out of California, leaving it with the second highest foreclosure rate in the country. San Jose is one of the cities struggling with high numbers of foreclosure, with over 1500 new foreclosures in October 2009. Part of the reason so many homes are suffering 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.

HomeStart has received accolades and awards from Better Business Bureau (BBB) which gave HomeStart an A+ rating thus making them the only loan modification company in California. HomeStart provides loan modification services to commercial, investment, and residential property owners. The California Department of Real Estate (DRE) has also honored HomeStart with a “Letter of Certification” for loan modifications, and HomeStart was able to secure this rare letter which reflects the leadership and professionalism in the industry.

HomeStart has been successful in close to 90% of submitted loan modification applications. We will work on even the toughest cases, which require more time and resources. HomeStart is able to provide A+ BBB rated services because we have established personal relationships with the largest mortgage lenders to expedite the loan modification process. We have an entire team of experienced loan modification consultants who are ready to help answer any questions you may have.

For more information please visit www.YourHomestart.com

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

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