Costa Mesa, CA (PRWEB) March three, 2009
America 1st Assistance Services, http://www.american1stsupportservices.com, a group of productive mortgage and banking specialists, has launched a low-cost Loan Modification Kit to support homeowners modify their present home mortgages. Amit Oberoi, President and CEO of America 1st Support Services, says with the passage of the President Obama’s new Homeowner Relief Stimulus System, the outlook is brighter for home owners who are presently behind or struggling to make their mortgage payments, but there are still pitfalls that home owners want to be conscious of. Prior to you contact your lender or bank, you require to be prepared and have your ducks in a row. 1 wrong statement or incomplete package can expense you worthwhile time or imply you will not get the most favorable terms, or even disqualify you from a life altering loan modification, says Oberoi.

H. Eugene Fouchia, Vice President at America 1st Support Solutions says the Homeowner Relief Program seems to be heading in the right path by subsidizing banks so they can modify current loans. “This will generate money flow for banks so they can avoid expensive foreclosures,” says Fouchia. He adds, the plan also contains revised reduced financing alternatives for a lot of other homeowners who have sacrificed to stay current on their mortgages.

This is excellent news nonetheless, property owners need to be careful not to listen to each and every piece of advice out there. Homeowners shouldnt just contact their lender correct away to apply for a modification,” says Oberoi. Another alternative a lot of struggling homeowners pick, says Oberoi, is to hire an attorney or modification business to do the paperwork and deal with the bank for them. But, says Oberoi, there are some hefty fees associated with this service in the range of $ 2000-$ 4000.

What each Oberoi and Fouchia suggest is, just before property owners invest $ 2000, $ 3000 or $ 4000 for a high priced attorney or modification organization, or worse, contact the bank unprepared and threat acquiring disqualified for a 1-shot, life changing loan modification, they need to get an economical Loan Modification Preparation Kit, obtainable at America 1st Help Solutions, http://www.american1stsupportservices.com.

About America 1st Help Services
American 1st Assistance Services Inc. is a group of productive mortgage and banking professionals with more than 50 years combined encounter in the mortgage and banking professions. After observing current predatory lending practices, America 1st Support Solutions decided to fight back on behalf of struggling property owners by providing them all the tools in 1 affordable kit so they can do a total loan modification on their personal, with no having to spend thousands of dollars. For info, call 800-762-1867 or go to http://www.american1stsupportservices.com.

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