New Software Preps Homeowners For Mortgage Debt Solutions

: Chris Lee Law Firm

  Filed under: Financial News

mortgage loan

mortgageDistressed homeowners face tough challenges when foreclosure looms over their heads and lenders appear unwilling to negotiate. Unfortunately, many homeowners have ended up in mortgage debt trouble simply because they fear dealing with lenders and the risk of rejection. However, an online consumer education firm has released a new software program that can help homeowners prepare for the process.

Preparation and Education

A new program has been successfully beta tested and is being introduced to distressed homeowners dealing with mortgage debts. The program is a loan modification pre-qualification software that was designed to simply and guide homeowners through the steps leading to a successful reduction in  monthly mortgage payments, how to modify existing loans and tips for reducing other expenses.

ConsumerEducationOnline.com decided to develop the software program after meeting with several affected homeowners and lending industry representatives. The decision was made that homeowners need a resource for becoming educated about foreclosure alternatives, ways to manage mortgage debt and how to approach  lenders when looking for help with mortgage trouble. While their program is not a replacement for seeking experienced help from a foreclosure attorney, consumers can use the program to gain some knowledge about the process and better prepare themselves when dealing with industry professionals.

 

 


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