Most homeowners do not understand that without providing correct documentations and calculations, they are at risk of missing the opportunity to secure a long-term affordable mortgage modification
Los Angeles, CA (PRWEB) February 9, 2010
With an estimated 3 million new foreclosures, expected by experts, in 2010, the government’s HAMP program has proved to be insufficient in curbing the foreclosure epidemic fast enough. Already frustrated with the loan modification process, most struggling homeowners are now faced with the challenge of converting their trial modifications into permanent programs. The Treasury Department is quick to point the finger at the lenders for their poor conversion rates, while the lenders are blaming their Homeowners’ failure to provide proper documentation in order to complete the loan modification process. Another major factor which slows the process for both homeowners and Lenders is incorrect or missing calculations, which factors in the overall household debt to income ratios, before and after the loan modification.
In response to the Treasury’s request for community outreach assistance in preventing more foreclosures, a team of Real Estate Industry professionals are sponsoring FREE weekly Webinars, which provide homeowners the knowledge and step-by-step instructions on how to submit a properly prepared loan modification package.
“Most homeowners do not understand that without providing correct documentations and calculations, they are at risk of missing the opportunity to secure a long-term affordable mortgage modification” said Maz Badie, webinar instructor and professional loan modification expert.
FreeModificationWebinars.com’s participation and goal in the outreach program is to provide FREE assistance through education to troubled homeowners so they can better understand the loan modification process, submit the correct loan documentations, and ultimately obtain a successful loan modification. “By being a part of this outreach program, we know that we are not only helping millions of families stay in their homes, but we are also stabilizing and securing the future of our own industry” said Maz Badie.
Free webinars are being held weekly and registration is done online at http://www.FreeModificationWebinars.com.
FreeModificationWebinars.com is sponsored by a group of realtors, mortgage consultants, loan modification experts and real estate attorneys in response to the Government’s request for community outreach assistance in curbing foreclosures through the Home Affordable Modification Program. FreeModificationWebinars.com’s primary goal is to slow the current foreclosure epidemic, save homeowners thousands of dollars in legal fees and provide lenders with more uniform loan modification packages. Visit http://www.FreeModificationWebinars.com for more information.