San Diego, CA (PRWEB) October 27, 2009
The Homeowner Defense Network, an organization offering trusted sources to distraught property owners, announces its Loan Modification Do-It-Oneself program. The service gives low-cost loan modification alternatives to homeowners who have fewer alternatives soon after the passing of California State Bill 94.

“SB 94 stopped the loan modification market dead in its tracks,” says Brett Robbins, president of The Homeowner Defense Network. “And whilst the concept behind SB 94 was to eradicate unethical loan mod companies, the consequence is a power shift from the homeowner back to the lender.”

In an attempt to weed out fraudulent loan modification organizations across California, SB 94 went into effect October 11, banning firms in the business of loan modification from accepting up-front fees.

And Robbins says the “no upfront fee” model that some firms are currently advertising can be misleading, considering that homeowners will end up paying important costs.

Now faced with fewer possibilities, homeowners may possibly be forced to modify their personal loans at a disadvantage without having professional representation. For a lot of, this can be an extremely hard, time-consuming and confusing procedure.

“Homeowners are at the moment challenging pressed to uncover assistance with the loan mod method,” says Robbins. “And firms nonetheless operating may possibly or may not be compliant with the law,” he adds. But with the Loan Modification Do-It-Oneself program, Robbins says property owners can take educated, calculated and skilled-level steps in order to acquire the loan modification they want on their own.

Produced by business professionals, the Loan Modification Do-It-Yourself program delivers crucial tools for effective loan modifications. Property owners acquire specialist direction on what increases the possibility of a loan modification – products that are occasionally required and give an benefit to the borrower but aren’t usually clear simply because they’re not required by the lender.

These tools incorporate a suitable loan modification proposal, which shows critical data on why the loan modification is in the lender’s best interest, and a forensic audit that exposes the lender’s prospective liability if it previously violated state and federal laws. These items generally produce greater results in the loan modification approach and have swayed the lender from a “no” to a “yes” answer in numerous scenarios, says Robbins.

But the central concentrate and main advantage of the Loan Modification Do-It-Oneself system is access to an online educational course with detailed information on the loan modification process, which includes suggestions for achievement and forums to ask questions of the experts. Participants of the plan also obtain admittance to a weekly teleseminar series, hosted by the founder of the plan and designed to aid home owners master the loan modification technique.

“The Loan Modification Do-It-Oneself plan puts power back into the hands of property owners by providing them skilled tools to represent themselves in front of the lender,” says Robbins. “This offers property owners a significant benefit and at the same time, an chance to save potentially thousands of dollars on loan mod expenses by cutting out the middle man and costly attorneys.”

He adds, “What’s most essential is the finish outcome: allowing men and women to save their residences by producing their mortgages more inexpensive.”

From now until November 30 even though property owners are trying to adjust to the legislation, The Homeowner Defense Network is supplying 1 complementary service from its Loan Modification Do-It-Oneself system by mentioning offer code LMPR1.

For much more data about The Homeowner Defense Network’s Loan Modification Do-It-Oneself program, please:

Pay a visit to http://www.LoanModDIY.org.
Contact 619-269-3602 to speak straight with an specialist.
Get in touch with 641-715-3900, ext. 73147, for a 24-hour recorded informational message. Callers can also leave a voice message on this line.
About The Homeowner Defense Network

The Homeowner Defense Network (The HDN) operates with a mission to support home owners who are struggling with their home payments to remain in their residences by producing mortgages inexpensive. Headquartered in Southern California with a nationwide reach, The HDN supplies home owners with resources, expertise, assistance and access to a network of attorneys and expert organizations specializing in defending property owners. For a lot more data about The HDN, please go to http://www.TheHDN.org.

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