The people I've worked with in the past either don't know what loan modifications are, or they believe loan modifications requires a high-priced specialist
Chandler, AZ (PRWEB) February 13, 2009
Over 75% of families don't know about services and options that mortgage lenders offer to help avoid foreclosure.
Most homeowners try and get refinancing for their home loan if they fear foreclosure. Others try to negotiate a "short sale" or just accept the foreclosure and walk away. Many homeowners have never heard of loan modification, a legal process that a homeowner can use to renegotiate loan terms with the current lender to reflect current financial circumstances.
"The people I've worked with in the past either don't know what loan modifications are, or they believe loan modifications requires a high-priced specialist," said Troy Fullwood, creator of the Loan Modification Toolbox. "Most homeowners could do it themselves if they just had access to the information," he added.
Most or all of the fees associated with loan modifications can be rolled up into the new balance according to HUD guidelines. Because loan modifications don't usually require upfront fees, it's a viable option for cash strapped families.
Considering that a home is the largest investment most people will ever make, the opportunity to save that investment offers a lifeline too many affected by recent market trends.
The Loan Modification Toolbox was created by Troy Fullwood to offer a loan modification roadmap and information at a fraction of a specialist's cost. The Loan Modification Toolbox, offers step by step plans, necessary forms and lender negotiation requirements to homeowners trying to stop foreclosure.
Troy Fullwood is a serial entrepreneur, author, and speaker. "With the current market conditions, I saw the need for helping homeowners save not only their homes, but their credit as well as their families from the wrath of foreclosure," said Fullwood. "There are many products and services coming to light on loan modifications, but they come with a huge price tag."
That's why Troy Fullwood created the Loan Modification Toolbox. "What homeowners don't realize is that the products and services being offered by these other companies are simple and can easily be done by the homeowner themselves if they had the right tools," stated Fullwood.
The Loan modification Toolbox is the first Do-It-Yourself product of its kind both for Pinnacle Investments and the real estate industry in general. Pinnacle Investments has been involved in 12,000 secondary mortgage transactions in the last 12 years. The company's main goal is to save people's homes and negotiate loan modification packages that suit their needs.
Customers can purchase this product by going to our website http://www.loanmodificationtoolbox.com/