"Making Home Affordable Programs" Have Slow Start Caused by Confusion of Loan Modification Laws Between Tax Payers and Banks

Miami, FL, October 08, 2009 --(PR.com)-- Back in March President Obama unveiled the "Making Home Affordable Program" allowing qualifying taxpayers to reduce their monthly mortgage payment to 31% of their income. Banks in exchange for accepting bailout money are required to work with these taxpayers to reduce their monthly mortgage payments. Under the federal program each state was to release its own Loan Modification Laws for its states' taxpayers. The States have enacted their own loan modification laws and are continuously updating, changing and revising their loan modification laws. The banks and taxpayers blame the States' different and constantly changing loan modification laws as the reason why the "Making Home Affordable Program" has been slow to start with only 6% of eligible taxpayers receiving help.
 
www.UsLoanModificationLaw.com, a South Florida based company, provides a simple solution to help taxpayers get the loan modification they are entitled to. They provide the current loan modification laws of each state and update the information as the laws are changed.

 Banks are doing and requiring things that are prohibited under the loan modification laws. Taxpayers can protect themselves and know their rights by staying up to date with the current requirements of their state's loan modification laws. 

The requirements of the Loan Modification Laws are not streamlined, requiring numerous forms and differing requirements under each States' loan modification laws. Taxpayers can help themselves by understanding their State's loan modifications laws.

In an extended effort to help homeowners in distress www.UsLoanModificationLaw.com has added a Do It Yourself Loan Modification Service to there site. There homeowners can log on and for a small fee as low as $150.00, homeowners can input their information into the site and get a Bank Ready Loan Modification Package, with an education ebook teaching them how to modify their loan. Also www.UsLoanModificationLaw.com has started a Loan Modification Blog to help people stay up to date with all the buzz and changes going on with Loan Modifications and the Loan Modification Industry.

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