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Salt Lake City

Salt Lake City A+ BBB Mortgage Loan Modification Program | No Upfront Fees

January 6, 2010 by homestartloanmod · Leave a Comment 

For A+ BBB Salt Lake City Mortgage Loan Modification Help CLICK HERE

Utah currently has one of the highest foreclosure rates in the country, listing just shy of 18,000 foreclosures. The majority of these foreclosures are coming from their state capitol of Salt Lake City, which has one of the top five metro foreclosure rates. According to RealtyTrac, in August of 2009 Utah reported the eighth highest foreclosure rate in the country, with one in every 282 houses receiving a foreclosure filing. Don’t let this happen to you! If you are having trouble with monthly mortgage payments, call HomeStart to discuss the possibility of a loan modification.

In 2009 the Obama administration established a loan modification program under the “Making Home Affordable” initiative to help homeowners avoid foreclosures and to keep people in their homes!  One of the main issues is that most homeowners do not really know what options they have when it comes to doing 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 loan modification terms, allowing them to prevent foreclosure. A loan modification is not a refinance; it is the restructuring 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(s), monthly mortgage payment(s) and even the principle balance (loan amount). Remember the cost of foreclosure to the Lender is higher than new loan modification terms; therefore, lenders are open to loan modifications to prevent foreclosure.

The Better Business Bureau (BBB) awarded HOMEstart as an A+ rated mortgage loan modification company. This A+ rating signifies the fact that HomeStart is operating in a trustworthy manner, and has never received a complaint from a customer. HomeStart is the only business in California with an A+ rating from the BBB in both loan modification and real estate loan modification. While the California DRE reported approximately 495,000 registered Real Estate and Mortgage Brokers in California in August 2009, only a mere 300 were licensed to perform mortgage loan modifications. So start with a company you can trust, call HomeStart today.

For more information please visit www.YourHomestart.com

Salt Lake City

Lehman Said to Return to Mortgage Market Through Aurora Unit

November 29, 2009 by asx200 · Leave a Comment 

(CFD.net.au – Contract for Difference, Share, Forex, ETFs, Commodities Traders) –

By Jody Shenn

Aurora, which helped make Lehman the top underwriter of

mortgage

bonds during the housing boom, has started hiring staff for the effort, said the people who declined to be identified because the plan isn’t public.

The

expansion

comes even as New York-based Lehman Read more

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