Mortgage Relief

Worried About Credit Card Bills?

Professional Network Offers Hope to Struggling Homeowners

News for Public Officials - May 2009

Last year, millions of people needlessly lost their homes to foreclosure while waiting for a federal bailout. This year, one in ten homes are facing foreclosure but new initiatives by lenders and other professionals is making home affordable again for millions of struggling homeowners.

With new laws changing the way lenders interact with homeowners, it is very important for at-risk homeowners to understand all your options and quickly determine eligibility and select the program that best fits your situation.

Consider All Your Options

Here is a short list of options from credit professionals:

• Short refinance / Short pay

• Mortgage modification

• Cut Property Tax

• Eliminate Credit Card Debt To Fund Mortgage Payments

• Loan Assistance from multiple agencies

• Private Investor Bailouts and Social Lending

• Mortgage Restructuring and Credit Repair

• Forensic Loan Audit to expose deceptive mortgage terms

• Professional debt mitigation
• Refinance
• Cramdown (not available in every state)
• Forbearance
• Homestead protection ( varies by state)