eModifyMyLoan Offers Online Solution to Help Homeowners Avoid Foreclosure

eModifyMyLoan and eShortSaleMyHome Products Help Homeowners Navigate the
Complex Process of Applying for a Loan Modification or Negotiating a Short
Sale

PHOENIX, June 1 /PRNewswire/ -- With U.S. foreclosure activity up 32 percent
from April 2008(1), eModifyMyLoan is equipping homeowners with two easy-to-use
Web applications that can help lower monthly mortgage payments and ease
financial pressure.

eModifyMyLoan and eShortSaleMyHome are simple step-by-step online tools that
guide homeowners through the time-consuming and confusing process of working
with lenders. Homeowners are asked a series of questions that help prepare
documents needed to successfully apply for a loan modification or negotiate a
short sale. The intuitive online systems enable homeowners to do this all on
their own, in less than an hour, without the need of expensive third party
loan modification companies or attorneys.

These products come in response to a growing number of programs recently
introduced by the Obama Administration such as the Financial Stability Plan
and Making Home Affordable Program, which aim to help Americans reduce monthly
mortgage payments to more affordable levels. While new incentives are being
offered to lenders to process more loan modifications and short sales, this
procedure can still be complex and emotionally challenging for a homeowner.

eModifyMyLoan addresses those challenges by creating all of the necessary
forms, such as the personal finance statement, hardship letters and monthly
budgets, that are needed for a complete loan modification or short sale
package for the lender. Having all of the required paperwork in place the
first time can greatly accelerate the approval process by the lender and help
the homeowner more quickly improve their financial disposition. By using the
eMod Qualifier tool offered by eModifyMyLoan, homeowners can easily determine
if they are a candidate better suited for a loan modification or for a short
sale.

Homeowners who visit the eModifyMyLoan.com site are also provided with tips
and resources to leave them better equipped to answer lender questions and
improve their negative financial situation.

Offered at a price of $199, eModifyMyLoan is the affordable alternative to
expensive attorneys and loan modification companies that may cost more than
twenty times that amount and cannot guarantee their client will be approved.

About eModifyMyLoan
eModifyMyLoan is a real estate and mortgage information provider. The
eModifyMyLoan and eShortSaleMyHome products are easy-to-use online systems
that provide tools to help homeowners successfully work with a lender to
modify a mortgage or negotiate a short sale. With more than 50 years of
combined experience working in the real estate finance fields for the largest
mortgage lenders in the country, the owners of eModifyMyLoan know how lenders
and default management work, have interacted with collectors, and understand
how the foreclosure process happens. The eModifyMyLoan and eShortSaleMyHome
technology-based platforms provide homeowners with information in an
affordable, user-friendly format with the goal in mind to help avoid
foreclosure. For more information, please visit www.eModifyMyLoan.com.

(1) April 2009 U.S. Foreclosure Market Report(TM), RealtyTrac

Media Inquiries:
Jessica Hansen
Mindspace
(480) 941-8497
pr@emodifymyloan.com

SOURCE eModifyMyLoan

Jessica Hansen of Mindspace, +1-480-941-8497, pr@emodifymyloan.com