Santa Ana, Anaheim, Garden Grove A+ BBB Loan Modification – Help Stop Foreclosure | Orange County

For A+ BBB Orange County Mortgage Loan Modification Services CLICK HERE

The year-end report from RealtyTrac.com shows that 2009 had a substantial increase of new foreclosures from 2008, and a 120 percent increase from 2007. This means that there were almost four million reported foreclosure filings in 2009! According to RealtyTrac Inc., Orange County has a foreclosure market that is larger than 20 states! The cities of Santa Ana, Anaheim, and Garden Grove had over 1,400 new foreclosure filings in December of 2009 alone. If you are one of the many homeowners struggling in the current economic climate, call HomeStart to discuss the possibility of a loan modification.

Loan modifications can lower your interest rates, monthly mortgage payments and the principle balance. This benefits not only you as the homeowner, but it is also less expensive for a lender to modify your loan rather than going through the costly process of a foreclosure. 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 Affordability and Stability Plan (HASP) further incentivizes lenders to offer loan modifications. HASP has a budget of $75 billion to refund lenders for the money they lose in the loan modification process.

The time to act is now, however, do not rush and make a decision based on pricing from any mortgage loan modification company. HomeStart is the only business in California with an A+ rating from the Better Business Bureau 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. HomeStart has been successful in close to 90% of submitted loan modification applications. We will work on even the toughest cases, which require more time and resources. HomeStart is able to provide A+ BBB rated services because we have established personal relationships with the largest mortgage lenders to expedite the loan modification process. We have an entire team of experienced loan modification consultants who are ready to help answer any questions you may have.

Here is one recent example of a loan modification performed by HomeStart:

Property in San Diego, CA
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