San Diego, CA (PRWEB) December eight, 2008
Property owners who are behind on their payments can take advantage of a totally free Do-It-Oneself loan modification kit. MBA Commercial, Inc. is supplying this kit at loan modification kit to help the public.

This indispensable tool consists of guidelines for effectively negotiating a settlement with your lender, tips on how to write a hardship letter, an explanation of the distinction between a forbearance agreement and a loan modification, plus a glossary of loan terms. A cost-free 24-hour recorded message (800-958-1952) explaining the loan modification approach is now accessible for house owners facing foreclosure.

As the Treasury Department and Federal Reserve pump billions of dollars into the nation’s lenders to help with distressed loans through the bailout strategy, several banks and lenders have loan modification departments ready to aid customers. Banks would rather perform with borrowers on loan workouts than have more foreclosed houses on their books to sell.

The positive aspects of a loan modification are that you can remain in your home and preserve your credit. While every lender offers different choices, standard loan modifications can lower payments by an typical of 25% from a period of three years to the life of the loan. Home owners can take pleasure in higher security and the positive aspects of staying in their home to reap the rewards of future appreciation in their home’s value, whilst avoiding the price of moving and the devastating effects of foreclosure.

Typically to qualify for a loan modification, you should be experiencing a economic hardship. Examples incorporate divorce or separation, illness or healthcare costs, job loss, lowered income or company failure, house damage, military duty, incarceration or a death in the family members.

To access MBA Commercial’s cost-free Loan Modification Kit, just complete the loan modification kit request form.

MBA Industrial, a full service genuine estate company. 800-958-1952.

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