San Bernardino A+ BBB Mortgage Loan Modification Help | Ontario, Rancho Cucamonga, Rialto

Jan. 22, 2010 - PRLog -- For A+ BBB San Bernardino Mortgage Loan Modification Services go to www.YourHomestart.com

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! California currently has one of the highest foreclosure rates in the country, with over one million foreclosure filings to date! San Bernardino County is just one of the major areas being affected by our current housing crisis, with the cities of Ontario, Rancho Cucamonga, and Rialto being hit the hardest. If you are one of the many people to be affected by the housing crisis, don’t hesitate to contact HomeStart to find out if you qualify for 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. The 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. Remember that a turnkey, loan modification involves seven critical phases. The process can generally take up to three months, even with a team of experienced loan modification specialists working diligently, which is why the time to get started is now.

HomeStart was honored as an A+ rated mortgage loan modification company by the Better Business Bureau.  This A+ rating signifies the fact that HomeStart is operating in a trustworthy manner, and has never received a customer complaint. 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. We keep our A+ BBB rating by providing personal and dependable service to our clients. HomeStart provides free consultation to analyze your current situation so that together we can provide a workable solution that is acceptable to both you and your Lender.

For more information please visit http://www.YourHomestart.com

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HomeStart provides dependable foreclosure prevention information and pre-foreclosure consultation. HomeStart is one of the only A+ BBB rated and DRE licensed Loan Modification Companies.