Orange County A+ BBB Mortgage Modification – Prevent Foreclosure | Santa Ana, Anaheim, Garden Grov

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 in foreclosures from 2008, and a 120 percent increase from 2007. The report also showed that one in every 45 homes in the United States received a foreclosure filing this year. Orange County is one of the cities to be hit the hardest, experiencing one of the highest foreclosure rates in California. In fact, Orange County's foreclosure rate is .30% above the national average. Santa Ana, Anaheim, and Garden Grove had over 1,400 new foreclosure filings in December of 2009 alone. If you are having financial difficulties and find yourself at risk for losing your home, call HomeStart to find out if you qualify for a loan modification.

A loan modification is a permanent change in one or more of the terms of your loan in order to make payments more manageable. The purpose is to allow the borrower to meet the new terms of the loan, allowing them to prevent foreclosure. Loan modifications can lower your interest rates, monthly mortgage payments and the principle balance. What many people do not realize is that the cost of a foreclosure is actually more expensive to the lender than the cost of new loan modification terms, making a loan modification beneficial for everyone involved.

Why choose HOMEstart?

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