New Revolutionary Software Could Have Major Impact on the U.S Foreclosure Crisis

Share Article

Hope has finally arrived for homeowners facing foreclosure with the release of a new revolutionary software.

Consumer Education, LLC, the leader in providing educational software for consumers, announces the release of their new revolutionary software: “Mortgage Reduction 2010”. The software assists homeowners, on the verge of losing their homes, in successfully modifying their loans and avoiding foreclosures.

There were over 930,000 foreclosure filings in the first quarter of 2010, a seven percent increase over the previous quarter and some 6 million borrowers’ are more than 60 days delinquent according to The New York Times and RealtyTrac. The governments HAMP program, which was intended to help struggling homeowners, has actually created more confusion and led to very few actual modifications. Most homeowners rarely obtain consistent answers to their questions and are ultimately denied a loan modification without a specific reason. Too often, this has resulted in homeowners unnecessarily spending thousands of dollars to receive third party assistance or filing for foreclosure, believing a resolution was out of reach.

“The loan modification process isn’t overly complicated. The current programs offered by our government, and the lenders, can be effective for those who qualify. However, because of the current state of the economy, lenders had to hurriedly create departments to deal with the influx of homeowners needing assistance with their home loans. One of the major issues for the lender, and homeowner alike, is that the departments were developed as quickly as possible and many, if not all, of the representatives were literally learning on the job. Because of this, homeowners call and receive different answers to their loan modification questions depending on which representative answers the phone, thus, leading to more confusion for the homeowner. Until now, no one has taken the time to properly educate the average consumer on the home modification process. ” says Stephfan Nurse, founder and CEO of Consumer Education, LLC.

Consumer Education believes the real solution for helping struggling homeowners is, quite simply, education. With Mortgage Reduction 2010, power and confidence are put back into the hands of the homeowner as the homeowner will be given the knowledge, tools and skills needed to construct a complete financial package, work best with their lender and understand the entire modification process, therefore, radically increasing their chances of successfully obtaining a loan modification.

Mortgage Reduction 2010 highlights:

  •     Complete overview, from both the homeowners and lenders side, of the modification process.
  •     Revolutionary automated underwriting system to help pre-approve the homeowners’ financials.
  •     A live on screen guide who will guide homeowners through each step of the modification process.
  •     Information and education to help ensure homeowner’s best position themselves for approval.
  •     Additional features: addressing foreclosure assistance, property tax reduction, short sales and more.

About Consumer Education
Consumer Education, LLC leads the way in providing innovative software to empower consumers through education so that they regain financial stability.

For more information visit: http://www.consumereducationonline.com

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Sylvia Shofi
Visit website

Media