Prevent Foreclosure with a Do It Yourself Loan Modification Kit from LoanModStarterKit.com

Added: (Tue Nov 10 2009)

Pressbox (Press Release) - Sacramento, CA, November 6, 2009: A local startup is doing its part in helping with a struggle that federal government agencies and public watch groups are looking at very closely—the fight against a rash of foreclosures that hurts American families, threatens property values and impacts communities across the country.

The company is LoanModStarterKit.com. Built by staff with experience in the housing industry, this business is developing tools that effectively help families stay in their homes.

Many of the problems that result in foreclosures are issues with a mortgage schedule, where due to one of many causes, a household may not be able to pay changing monthly mortgage payments. To stay in their homes, many families turn to third-party special loan modification services. However, consumer advocates warn against giving these third parties too much control over the mortgage process. In some cases, households tricked by complicated arrangements turn over the title to the property or even send their mortgage payments directly to a third-party loan modification service.

All of this has American households wanting a solution for taking on loan modification themselves, but not without some help to figure out the often legalistic and complicated language of a mortgage agreement.

For these situations, LoanModStarterKit.com has developed an option for families to keep control of their property while taking control of their loan modification. The loan modification starter kit that this company provides is based on specific skill and experience in the industry. Staff members have experience as real estate professionals and direct knowledge of the kinds of issues that threaten foreclosure.

Founder Michael Garcia, Jr. has 15 years in real estate, first as a top sales agent, then as owner of a nationwide business with 38 U.S. offices and extensive operations in the real estate and mortgage sector. Garcia found the need for a product that could really be effective in assisting responsible homeowners and turning the tide in a scenario that threatens both individual families and the overall American economy.

“Knowledge is power,” says Garcia to individuals looking for help in a potential foreclosure situation. “It’s time to put the power back in your hands.”

The appearance of this product couldn’t come at a better time as government groups are looking at helping to support arrangements between lenders and the embattled homeowners who owe them. Any household with a current mortgage schedule that is breaking the budget can consider this loan modification kit a win-win solution for a skittish lending system and success in keeping their home.