Do-It-Yourself Loan Modification Service Launched in the Face of 1.25 Million Layoffs Compounding Record-Breaking Housing Troubles
Summary
The layoffs are certain to affect what a lot of experts say is at the root of the crumbling economy, the tsunami of foreclosures hitting the market due to homeowners not being able to afford their mortgage payments.If there is any good news in all of this, is that mortgage lenders are much more inclined to assist homeowners with a loan modification when they are faced with an upward adjusting rate or when they are laid off from their jobs, as opposed to someone who has just been irresponsible.The resources provide homeowners with a comparison of government assistance programs, short-term foreclosure delay tactics, step-by-step guides, and loan modification worksheets and sample documentation.Economists estimate that when you add the “unaccounted for,” the actual unemployment rate is closer to 12%.The layoffs are certain to affect what a lot of experts say is at the root of the crumbling economy, the tsunami of foreclosures hitting the market due to homeowners not being able to afford their mortgage payments.The resources provide homeowners with a comparison of government assistance programs, short-term foreclosure delay tactics, step-by-step guides, and loan modification worksheets and sample documentation.