Residential Relief Foundation For American Families
The Obama government has a goal of getting 500,000 loan modifications underway by 1st November. Residential Relief Foundation is an organization that is at the forefront to help American families in this endeavor.
- (1888PressRelease) September 11, 2010 - The Residential Relief Foundation is an organization that came into existence to help realize the goal of the Obama government. President Obama has vowed to get 500,000 loan modifications in process by 1st November. If an individual has lost his job or has had a pay cut, or if his adjustable rate has increased, or if he owes more than his home is worth, he can qualify for loan modification. An individual also qualifies if he is facing foreclosure, if he is behind his payments or struggling to make payments, and even if he has a medical condition.
Loan modification can reduce the monthly payments by a substantial amount. Even the interest rate and principal amount can be reduced with loan modification. More benefits of loan modification include waiver of late payments, late fees, and legal fees. Adjustable rates can be converted to a fixed one with this arrangement.
The Residential Relief Foundation provides a forensic audit on the loan modification of the user. They also provide a real estate valuation report of your property, a cost benefit analysis to prove why your case should be approved, and a customized guide to avoid foreclosure. All these moves will take you one step forward in getting your loan modification application approved. And, you will definitely taste success.
This loan modification initiative was announced by President Barack Obama in February. His goal is to get 500,000 in progress by 1st November. The initiative is a ray of hope for four million American homeowners. The move requires lenders to decrease monthly payments to no more than 31 percent of a credit holder's pre-tax income. Numerous borrowers are grumbling that these lenders are not paying heed to their calls and applications. They are also complaining about their applications being denied without explanation.
You should contact Residential Relief Foundation if you are in a financial crisis or if you think you qualify for loan modification. You can save your house if you contact them. They will assess your current financial situation and decide the best solution for you. Their volunteers or loan counselors offer a free consultation. They will explain the program in detail to you and collect your information. An underwriter will assess your particular situation and determine how much of help we can be of to you.
The processor attending to you will email or mail you a customized information or financial package based on your needs. The package is all-inclusive and will include mortgage information, employment information, and explanation of hardship letter, monthly expense report, and supporting documentation for submission checklist. You simply need to follow the instructions in the financial package and instantly sign and return all the materials required. Next, your financial package will be electronically entered into their proprietary lender modification system.
The Residential Relief Foundation will now create a LMRP package and prefect it and send it to your lender. After the package comes back from the lender, you can review the new loan terms. You can accept or reject his offer. The new plan from the lender will get you back on the track.
For more information about Residential Relief Foundation visit the given link.
Contact:
Residential Relief Foundation, LLC
Address:
P.O. Box 7434
Baltimore, MD 21227
Phone Number: 877-254-7857 877-254-7857
Processing: 877-254-8257
Customer Service: 877-278-9119
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