Michigan A+ BBB Home Loan Modification Companies | Detroit, Lansing, Ann Arbor

Author: Homestart
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As the United States struggles to climb out of the global recession, many of the nation's eyes are on the places hardest hit by the staggering economy. No state in the country is worse off than Michigan, home to Detroit and the reeling auto industry. However, as Governor Jennifer Granholm and the state's policy makers look to rebuild Michigan's once-robust financial system, residents are finally beginning to see a few rays of light. Certainly, the foreclosure crisis is far from over, but thanks to a federal Homeowner Affordability and Stability Plan (HASP) geared at loan modification for those facing foreclosure, at least some relief is at hand.

In August alone Michigan had the 3rd highest foreclosure total in the nation, behind California and Florida respectively, and narrowly missing 4th place Nevada & 5th place Arizona. Wayne, Oakland, and Macomb Counties in Michigan seem to be the hardest hit during these tough times.

With over three million foreclosure filings in 2008, Americans all across the country need help saving their homes. Michigan now ranks in the top ten nationwide for its high foreclosure rate. Detroit, known for being a major U.S. automotive center, has been hit especially hard during the recent economic downturn. If you are currently struggling making payments on your home, call HomeStart to discuss a loan modification.

HomeStart provides A+ BBB rated loan modification service to customers of all of the nation's largest banks as well as smaller lenders such as Commonwealth and Indmac Bank. HomeStart's established personal relationship with the country's leading mortgage lenders makes it one of the nation's leading loan modification service companies, and they are one of the few loan modification companies to have the accredited A+ rating from the Better Business Bureau, as well as a license issued by the California Department of Real Estate (DRE).

Here is an example of a recent loan modification performed by HomeStart.

Property in San Diego, CA
Total monthly savings of $1,132.38/month

* Primary Residence:
Loan amount of $298,819 with an interest rate of 5.875% and monthly mortgage payments of$2,445.30.
* Modified to:
Interest Rate of 3.875% and new monthly mortgage payments of $1,312.92 fixed for 5 years; final interest rate of 5.375% and $1,481.94 monthly payments.

For more information please visit www.YourHomestart.com