Loan Modifications are synonymous with Golden Valley Lending Group

Nov. 21, 2008 - PRLog -- Vista, CA  – Golden Valley Lending Group’s Loan Modification program, based in California, is currently assisting borrowers and lenders by helping to restructure current mortgage repayment programs on homes that are near foreclosure.

In most cases these home loans are with adjustable rate mortgages that have suddenly begun to skyrocket over the course of the year, forcing, at this point, an astounding 760,000 people from their homes – up 70% over October of last year. The future threatens that by the end of the year nearly one million will be lost to foreclosure. The Department of Real Estate Commissioner, in order to crush this economic descent and protect the consumer in California, has instituted a licensing program that allows licensed real estate brokers and mortgage brokers to become licensed in Loan Modification.

The license, also known as an Advance Fee Agreement, protects lenders and borrowers from unprincipled persons who are currently offering loan modifications. They do little or make no attempt to help restructure the loan and then walk away with the client’s fee in their pocket.

“Quite frankly,” begins Donna Lynne Kunz, Owner of Golden Valley Lending Group in San Diego, “borrowers have been on the short end of the stick a lot lately because they’ve been unaware of what could happen if they trusted in the wrong companies. When all feels like it’s going out the window and someone comes along and promises them the moon, well, sometimes that’s all they get. Actually not even that much…just more money wasted in a time they need every cent they can get their hands on.

Golden Valley Lending Group’s Loan Modification program is available in all of California. For more information call Golden Valley Lending Group at 1(760) 407-1717.

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Whether you want to refinance for a lower mortgage rate, get a new home mortgage, home equity loan or second mortgage, our purpose is to satisfy your needs. By putting you first, we assure you a pleasurable transaction.