Hollywood, FL, October 25, 2007 --(PR.com
)-- Nobody wins in a property foreclosure. Borrowers lose their homes, as well as good credit standing, and lenders face a long, costly process. However, in most situations, it comes to that. LoanResolve.com, in attendance at the REOMAC Fall National Conference, has just launched a state of the art Foreclosure Resolution and Loan Modification Engine. This is revolutionary online service that helps guide distressed homeowners toward rapid resolution of foreclosure difficulties.
Loanresolve.com assists homeowners and lenders nationwide with instructing borrowers on how to compile the necessary information to initiate the bi-directional passing of documents to and from their lender while allowing homeowners to self-resolve their mortgage “Defaults” quickly.
This comprehensive Web Engine approach to self-resolving mortgage problems was developed to bring order to processes and eliminate excessive hold times while borrowers attempt to communicate with their lenders.
Subscribers receive an anonymous mailbox on the system where lenders communicate with borrowers in real-time via email, text, or fax. This allows homeowners to sit back, take stock, and make educated decisions as to how they should proceed. For those suffering from personal or financial stress, the right kind of advice and guidance is critical. The company’s new and innovative service provides many foreclosure resolution tools 24/7/365 to homeowners by providing links to educate borrowers and guidance in obtaining employment, credit repair, and restoring their lifestyle as they once knew it.
The new technology is producing high-resolution rates because mortgage companies will go to great lengths to resolve defaults in today’s market. Lenders agree that most every loan can be resolved if the correct documentation is provided and proper channels are utilized. Some lenders require only a single month’s payment to get a home loan back on track. The importance to a borrower of keeping his or her home free from foreclosure cannot be underestimated, as those who have been foreclosed on invariably find credit difficult and expensive to obtain.
The priority for all parties is to keep homeowners in their homes while minimizing the risk of loss and future financial liability. LoanResolve.com does not provide lending or counseling, just direct access to lenders for distressed homeowners who wish to resolve bad loans quickly.
“…nobody has more incentive to make these workouts succeed than borrowers. I would think they would go and jump through hoops if someone would give them a little breathing room and an easier way.” – Bill Edwards, chairman of Mortgage Investors Corp., St. Petersburg, FL, in Mortgage Servicing News
For more information about www.LoanResolve.com, please visit the website online or contact email@example.com .