HELP FOR SENIORS FACING FORECLOSURE IN WASHINGTON
Seniors in fear of losing their homes due to foreclosures often become easy targets for unscrupulous companies selling "predatory loans." Trusting homeowners who have retired or are now living on social security are a rising group of Washington borrowers now trying to avoid foreclosure. In such difficult times, loan modification has helped many seniors facing foreclosure in Washington save their homes. [Consumer Affairs]
Recording over 2,000 foreclosure filings in January, Washington homeowners are entering foreclosure at a higher rate than the national average. Loan modification, fast becoming the only help for WA seniors facing foreclosure, is also the fastest growing business in America. In such a frenzy of booming loan modification companies, it is even more difficult for seniors facing foreclosure to find a trustworthy and affordable servicer. [Seattle Times, 2/26/2008]
Once used for homeowners to get some extra cash in retirement, reverse mortgages are now helping older homeowners avoid losing their home. Seniors who are struggling to afford the payments on high-interest-rate loans while trying to keep their homes, are finding hope in loan modification. Amidst the growing demand for loan modification specialists, avoiding a "predatory loan" or falling into an even worse situation is essential to achieving your financial goals. [WSJ, 12/26/2007]
A growing number of seniors, elderly and retirees have signed their loans under false pretenses, misunderstanding, and often misguidance. A loan modification continues to be the best way to help seniors avoid foreclosure, however many have already been taken for a ride by fraudulent and expensive servicers.
As many seniors and elderly find it difficult to get around, www.ratemodify.com is proud to be able to provide free information online, and explain the numerous options available to them. All Washington homeowners should immediately confirm whether or not they qualify for savings under the Obama Loan Modification Plan.
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