According to the Center for Responsible Lending, there are more than 6600 families filing for foreclosure each day in the US and two million filings this year alone! There is no sign of a slowdown and mounting unemployment will add to this number. It is estimated that as many as six million families could face foreclosure over the next three years.
Many families try to re-finance their mortgage but if your credit scores are low this may be an impossible task. Most families will end up not paying the new re-financed mortgage within one year and the foreclosure process will start all over again! Why Re-fi when you could do a loan modification. Loan mods will reduce your monthly payment and your credit score doesn't matter. Log onto www.beaconforeclosuresolutions.com and see how easy it is to do a loan mod.
Thursday, October 8, 2009
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