The Government’s Regulations Hope to Stop Loan Modification Companies from Over Charging with High Up Front Fees, Making a do It Yourself Loan Modification the Best Bet
HAMP’s efforts falling short, a Do It Yourself Loan Modification puts the ball in the homeowners court. www.myloanmodificationstation.com can help them make the process easier.
Tampa, FL, October 27, 2009 --(PR.com)-- Loan Modification Regulations prevent companies from charging high upfront fees, making a Do It Yourself Loan Modification the homeowners best chance for Foreclosure Prevention. With the Obama Administrations HAMP (Home Affordable Modification Program) failing to successfully get lenders to modify home loans, and in light of the new heavy restrictions imposed on companies, it is recommended that Homeowners take charge of modifying their loans with the lenders themselves. www.MyLoanModificationStation.com has just launched it's new website making it even more user friendly and helpful to a homeowner looking to do a loan modification on there own.
In a effort to help HAMP meet it’s target goal of 500,000 Loan Modification Participants by November 1st, requirements to commence the loan modification process, creating a lot of unnecessary clutter and confusion with loan modification applications that do not and will not qualify. The sole purpose to create an illusion that HAMP is working. Also, causing the delay are the new regulations imposed on Loan Modification companies. Homeowners are better off foregoing the Loan Modification companies burdened by regulations causing their loan modifications unnecessary delay. Instead, homeowners should opt for "A Do It Yourself Loan Modification." By skipping the middleman, and opting for A Do It Yourself Loan Modification, homeowners are able to get through the loan modification application process faster, and able to determine for themselves whether or not they will qualify (and not pay the Loan Modification Company fees only to learn they have wasted their money and are not eligible for a loan modification). Also, a Do It Yourself Loan Modification aids the homeowner in preparing a proper and complete bank ready loan modification package which will enable them to stream through the process quicker. Lastly, A Do It Yourself Loan Modification where the forms are obtained from a reliable website offers assistance and guidance to homeowners who have questions throughout the process. Mortgage Solutions has 3 different packages to help homeowners with a do it yourself loan modification and has taken there software to the next level with there Iphone Applications, to make this process as easy as possible for homeowners.
Many people forget that a loan modification is still a loan and certain income and debt ratio requirements must be met to insure approval. This will make foreclosure prevention difficult for many homeowners who have suffered hardships and still have not found a way to get back on track financially.
The Obama administration needs to find a way to help homeowners prevent foreclosure and stay in their homes, HAMP could be the answer to the problem, but it order to succeed there has to be a check and balance with the administration and lenders. It seems almost unbelievable that lenders were given billions of dollars to help homeowners and not much if anything has been done to help make the modification approval process quicker and more efficient. Rather it seems as if HAMP has slowed down the process to make themselves look “on the ball and on target.”
The popularity of Do It Yourself Loan Modifications is rising fast and helping to inform homeowners that they can modify loans without paying outrageous fees to an attorney or a so called loan modification company. Popularity is growing so fast you can even find a Loan Modification Software app for your iPhone. A Do It Yourself Loan Modification package will cost a consumer anywhere from $120.00 to $800.00 depending on how much consulting and phone support the homeowner wants. Most of the packages offer homeowners a web based software application which will prepare the documents needed to submit a full bank ready loan modification package on their behalf.
Homeowners needing help with foreclosure preventions should be looking towards doing a loan modification themselves. www.MyLoanModificationStation.com helps them thru this process with a informative E-Book and Document Preparation System that is web-based. There is even phone support to answer questions that come up in the negotiation process.
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In a effort to help HAMP meet it’s target goal of 500,000 Loan Modification Participants by November 1st, requirements to commence the loan modification process, creating a lot of unnecessary clutter and confusion with loan modification applications that do not and will not qualify. The sole purpose to create an illusion that HAMP is working. Also, causing the delay are the new regulations imposed on Loan Modification companies. Homeowners are better off foregoing the Loan Modification companies burdened by regulations causing their loan modifications unnecessary delay. Instead, homeowners should opt for "A Do It Yourself Loan Modification." By skipping the middleman, and opting for A Do It Yourself Loan Modification, homeowners are able to get through the loan modification application process faster, and able to determine for themselves whether or not they will qualify (and not pay the Loan Modification Company fees only to learn they have wasted their money and are not eligible for a loan modification). Also, a Do It Yourself Loan Modification aids the homeowner in preparing a proper and complete bank ready loan modification package which will enable them to stream through the process quicker. Lastly, A Do It Yourself Loan Modification where the forms are obtained from a reliable website offers assistance and guidance to homeowners who have questions throughout the process. Mortgage Solutions has 3 different packages to help homeowners with a do it yourself loan modification and has taken there software to the next level with there Iphone Applications, to make this process as easy as possible for homeowners.
Many people forget that a loan modification is still a loan and certain income and debt ratio requirements must be met to insure approval. This will make foreclosure prevention difficult for many homeowners who have suffered hardships and still have not found a way to get back on track financially.
The Obama administration needs to find a way to help homeowners prevent foreclosure and stay in their homes, HAMP could be the answer to the problem, but it order to succeed there has to be a check and balance with the administration and lenders. It seems almost unbelievable that lenders were given billions of dollars to help homeowners and not much if anything has been done to help make the modification approval process quicker and more efficient. Rather it seems as if HAMP has slowed down the process to make themselves look “on the ball and on target.”
The popularity of Do It Yourself Loan Modifications is rising fast and helping to inform homeowners that they can modify loans without paying outrageous fees to an attorney or a so called loan modification company. Popularity is growing so fast you can even find a Loan Modification Software app for your iPhone. A Do It Yourself Loan Modification package will cost a consumer anywhere from $120.00 to $800.00 depending on how much consulting and phone support the homeowner wants. Most of the packages offer homeowners a web based software application which will prepare the documents needed to submit a full bank ready loan modification package on their behalf.
Homeowners needing help with foreclosure preventions should be looking towards doing a loan modification themselves. www.MyLoanModificationStation.com helps them thru this process with a informative E-Book and Document Preparation System that is web-based. There is even phone support to answer questions that come up in the negotiation process.
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Mortgage Solutions
Steve Fingerman
1-877-510-7283
myloanmodificationstation.com
Steve Fingerman
1-877-510-7283
myloanmodificationstation.com
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