California now has the highest total number of foreclosures in the nation and ranks fourth for the highest foreclosure rate. In December 2009, a startling 1 in every 65 homes in Antioch received a foreclosure filing, according to RealtyTrac. Fortunately, loan modifications are becoming more prevalent and regulated. HomeStart is accredited by the BBB and provides loan modification services to the many who qualify.
Now more than ever, lenders are willing to renegotiate the loan terms. Not only do lenders save more money by modifying a loan than foreclosing on a property, but President Obama’s new Homeowner and Stability Plan (HASP) further incentivizes lenders to offer loan modifications. These loan modifications entail permanent adjustments to the loan terms that can allow homeowners to maintain their mortgage payments and keep their homes. HomeStart will determine if you qualify for a loan modification and get the process started with no upfront fees.
Why choose HomeStart?
HomeStart is one of the few loan modification companies in California with an A+ rating from the BBB in both the Loan Modification and Real Estate Loan Modification categories. In addition, HomeStart is licensed by the California Department of Real Estate (DRE). HomeStart offers free consultations with experienced representatives and strives to find the best solution to keep you in your home.
Here is an example of a recent loan modification performed by HomeStart:
Property in California
Total monthly savings of $1,132.38/month
- Primary Residence:
Loan amount of $298,819 with an interest rate of 5.875% and monthly mortgage payments of $2,445.30.
- Modified to:
Interest Rate of 3.875% and new monthly mortgage payments of $1,312.92 fixed for 5 years; final interest rate of 5.375% and $1,481.94 monthly payments.
For more information please visit www.YourHomestart.com