Nevada is now ranked first in the nation for the highest foreclosure rate, with 10% of its homes foreclosed in 2009! This state of crisis isn’t limited to the largest cities either. In December, RealtyTrac reported that 1 in every 91 homes in Pahrump and 1 in every 43 homes in Fernley received a foreclosure filing. If you fear you are at risk of losing your home, it may not be too late to get help. HomeStart will determine if concerned homeowners in the area qualify for a loan modification and find the best solution to keep them in their homes.
What is a loan modification?
A loan modification is a permanent change in one or more of the terms of your loan. The purpose of a loan modification is to allow the borrower to meet the new terms in order to prevent foreclosure. A loan modification is not a refinance; it is a renegotiation of the loan terms. In other words, a loan modification is a contractual agreement between the Lender and the Borrower to provide long term relief from unaffordable loan terms. Loan modifications can lower your interest rate, monthly mortgage payments, and the principle balance. Since the cost of foreclosure to the Lender is higher than new terms, lenders are open to loan modifications to prevent foreclosure. HomeStart is here to help you through this process.
Why choose HomeStart?
When selecting a company to perform your loan modification, it is important to be cautious. Many companies claim they can help at a very low price, but do not have the qualifications and experience necessary to provide the best loan modification solution. The majority of these companies are not licensed by the DRE, not accredited by the BBB, or lack the resources to successfully complete a loan modification.
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.
For more information please visit www.YourHomestart.com