LostMyDebt.net LLC Introduces 'Project Property Relief' and Helps Reduce Homeowner's Mortgage Notes without Loan Modifications

Project Property Relief will arrange a new mortgage loan for you. The new mortgage amount will be equal to or below the properties current market value. The new mortgage will be a 30 year fixed loan not based on your FICO/credit score but on your income and employment. Types of properties: residential, commercial, land and raw land. http://www.thepropertyrelief.com

Elk Grove, CA (PRWEB) July 1, 2009 -- Project Property Relief (http://www.thepropertyrelief.com) serves as an imperative need for homeowners who are considered upside down or owing more than what their property is worth. State and Federal governments are unable to meet their financial obligations therefore homeowners do not receive direct governmental "bailouts" and thus principle reduction often is their best hope to afford their home at the current market value. Other options such as a short sale, loan modification, and bankruptcy are often either unaffordable, unavailable, and have a severe negative impact on your credit score.

LostMyDebt.net LLC introduces "Project Property Relief" with a mission to revitalize the economy by educating consumers about the travesty of the housing industry, bad credit, credit card debt, health care, and the multiple services that are affecting our economy negatively.

Project Property Relief will educate consumers on how to reduce their principal balance of their current mortgage note to the fair market value without the uncertainties of a loan modification. Here is a brief overview on how the program works.

1) Property Relief will negotiate with your lenders to purchase the mortgage note on your home or property below the current market value while the home never ever leaves the homeowner's name.

2) After all parties have agreed upon the discounted purchase price, Property Reliefs affiliate home servicing company will service the mortgage note on your home or property. The purchase price will usually be at or below current market value.

3) The new mortgage note will be a 30 year fixed loan not based on your FICO or Credit score but on your income and employment. Types of properties: residential and coming soon commercial and raw land.

"In my opinion, loan modifications are absolutely great for some home owners, but reducing the mortgage principal balance to the fair market value with a 30 years fixed mortgage would make thousands of homes affordable again and dramatically reduce the number of homes in notice of default says John A. Barnes, the CEO and Co-Founder of LostMyDebt.net, LLC." http://www.LostMyDebt.net

LostMyDebt.net LLC entire vision is to restore, build, establish, and protect consumers by giving them options and offering services including Debt Settlement, Credit Restoration, Attorney Facilitated Home Loan Modifications, Conventional and FHA Mortgage Financing, LifeLock, Living Wills & Trusts, Auto Loans, Discounted Dental and Health Benefits, Small Business Solutions, and much more.

With the complexities involved in the global economy today, it's about time that an organization or company steps up and truly helps the homeowners with what they truly want, their loan balance equal to the fair market value. Every homeowner will be given personalized consideration whether the loan payments are current, late, or just recently lost due to Trustee Sale.

Call today for your free Financial Needs Analysis at 1-888-503-2911 ext. 717 or visit http://www.thepropertyrelief.com.

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