Advantage Loan Modification Offers Help to Struggling Homeowners Avoid Foreclosure
The U.S. housing bubble has left many homeowners in mortgage crisis, but the Loan Modification Experts of ALM offers a reliable solution. The Arizona-based organization helps homeowners in financial hardship to restructure their loans and avoid foreclosure
(PRWEB) March 25, 2009 -- Homeowners across the U.S. are still feeling the crunch from the housing bubble that hit the country earlier this year. As sub-prime mortgages reverted to regular interest rates, a large number of homeowners have found themselves unable to make ends meet, and many have lost their homes to foreclosure. The number of foreclosures peaked in 2007, and according to experts, the situation is yet to stabilize.
Advantage Loan Modification offers a promising solution to homeowners at risk of losing their homes. Loan modification is a contract between a lender and borrower to restructure a mortgage, designed to help struggling borrowers meet their financial obligations. Advantage Loan Modification helps homeowners negotiate better rates with their lenders and avoid drastic measures such as foreclosure.
The staff is led by Ron Anderson, an established professional who has handled a number of successful loan modifications. Mr'. Anderson has been in the business for the last 5 years and has established contacts with all major American lenders. The rest of the team consists of experienced attorneys, mortgage and real estate professionals, and hardship analysts, all of whom ensure full representation for homeowners in financial trouble.
The loan modification process starts with a consultation. The staff of Advantage Loan Modification will review the borrower's financial situation and history, ask for supporting documents, and then will work out a customized negotiation plan. Also part of the plan is to review the original loan documents for violations of the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA), which can be used as leverage during the appeal. The team then sends the application to the lender and begins negotiations.
Advantage Loan Modification takes pride in its aggressive yet measured approach to the loan modification process. All clients are fully informed of their options, and are guided through the application from start to finish. Unlike others, Advantage Loan Modification will keep negotiating until lenders can make a reasonable offer. Advantage Loan Modification has successfully negotiated interest rates to as low as 2.5%, and can stop foreclosures even after the homeowner has receive their notice of sale.
The real estate crisis has caused a significant rise in loan modifications, and subsequently in loan modification firms. Advantage Loan Modification has a clear head start and remains one of the most ethical and reliable loan Modification Company in Arizona. Interested homeowners can contact the mortgage specialists at 1-888-892-7604 or visit them online at http://www.AdvantageLoanModification.com
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