TheMortgageGuide.Org Shows Homeowners How to Get a Piece of the $25 Billion Settlement for Principal/Payment Reduction

Wed Feb 22, 2012 2:28pm EST

* Reuters is not responsible for the content in this press release.

  CARLSBAD, CA, Feb 22 (MARKET WIRE) -- 
American Homeowners will receive billions of dollars to reduce principal
on their mortgages designed to help in troubled times and
TheMortgageGuide.Org will help thousands get their fair share. The money
was set aside for homeowners with hardship thanks to pressure on U.S.
Banks from The Justice Department and the U.S. Department of Housing and
Urban Development, as well as 49 state attorneys. The Nation's banks were
finally forced to address the crisis that has caused much difficulty for
homeowners, including foreclosures and massive job losses.

    In the past several years, loan modifications have helped hundreds of
thousands of people drop principal, lower mortgage rates, or reduce
payments, but many homeowners still haven't taken advantage of the
programs available because it was too difficult or they didn't qualify.

    Now things have changed...

    Officials from Bank of America, Wells Fargo and other banks have even set
up their own lender-specific modification programs to help customers that
don't qualify for standard principal/payment reduction government
programs. These banks are trying to help as many people as possible but
there are millions of incomplete or incorrect files submitted by
homeowners each month. Lenders have notified customers that any
incomplete or incorrect files will be delayed or denied.

    "Banks want to approve modifications because it benefits everyone having
a performing loan," said attorney Paul Jacobson. "But the homeowner needs
to know the right person to talk to, best programs available, and what
the bank is looking at in a modification request. Sadly, most people get
denied for simple errors in the application or process and give up,
resulting in paying high payments or even foreclosing."

    According to officials at TheMortgageGuide.Org the need for a
step-by-step guide for homeowners is essential. The Mortgage Guide is not
only able to help homeowners negotiate their own reduction in principal
or payments on the mortgage, but also starts the savings faster by
teaching homeowners how to shorten the time to complete a loan
modification.

    Skeptical homeowners can rest assured that TheMortgageGuide.Org allows a
homeowner to continue making payments if they choose during the approval
process, helping their credit score.

    "Some people think they need to hire an attorney to do the loan
modification for them, but this is simply not true," says Mr. Jacobson.
"TheMortgageGuide.Org has proven time and time again that a normal
homeowner with zero banking experience can negotiate their own terms with
their lender if they have the right tools."

    TheMortgageGuide.Org enrollment starts at just $595. To learn more about
The Mortgage Guide how to reduce loan principal visit
TheMortgageGuide.Org 

    

Contact:

Kelly Kostjuk
http://www.TheMortgageGuide.Org
760-543-0200x101
Kelly@MtgGuide.com 

Copyright 2012, Market Wire, All rights reserved.

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