Tampa, FL (PRWEB) July 20, 2010
Consumer Education, LLC, the leader in providing educational application for buyers, announces the release of their new revolutionary software program: Mortgage Reduction 2010. The computer software assists homeowners, on the verge of losing their houses, in successfully modifying their loans and avoiding foreclosures.

There were over 930,000 foreclosure filings in the 1st quarter of 2010, a seven percent boost over the earlier quarter and some six million borrowers are more than 60 days delinquent according to The New York Instances and RealtyTrac. The governments HAMP plan, which was intended to help struggling property owners, has actually developed far more confusion and led to really handful of actual modifications. Most homeowners hardly ever receive constant answers to their concerns and are in the end denied a loan modification without a distinct reason. Also often, this has resulted in homeowners unnecessarily spending thousands of dollars to obtain third party help or filing for foreclosure, believing a resolution was out of reach.

The loan modification approach isnt overly complex. The present applications provided by our government, and the lenders, can be powerful for these who qualify. Nevertheless, because of the current state of the economy, lenders had to hurriedly generate departments to deal with the influx of home owners needing assistance with their residence loans. A single of the key concerns for the lender, and homeowner alike, is that the departments had been created as speedily as achievable and a lot of, if not all, of the representatives were actually finding out on the job. Simply because of this, home owners contact and acquire diverse answers to their loan modification concerns based on which representative answers the telephone, therefore, leading to more confusion for the homeowner. Until now, no one has taken the time to properly educate the typical customer on the home modification process. says Stephfan Nurse, founder and CEO of Consumer Education, LLC.

Consumer Education believes the real answer for assisting struggling property owners is, quite basically, education. With Mortgage Reduction 2010, energy and self-assurance are put back into the hands of the homeowner as the homeowner will be given the expertise, tools and abilities needed to construct a total monetary package, operate greatest with their lender and realize the whole modification process, as a result, radically escalating their probabilities of effectively obtaining a loan modification.

Mortgage Reduction 2010 highlights: