Florida Firm Offers Innovative Principal Reduction Program To Homeowners
Tampa, FL ( PRWEB ) May 18, 2010 -- Today’s Home Solutions of America has what will undoubtedly become the feel good story of the next few years for many of our nation's home owners.
Consider the current real estate and economic backdrop. The American housing market collapse is of a scope unlike what most homeowners today have ever experienced in their lifetimes. Unemployment has increased in all 50 states year over year and it is still unknown if we have seen the peak. Millions of home owners across the country have found themselves paying on a home mortgage substantially larger then the current value of their homes. Many can no longer continue to make monthly payments and even those that can are walking away from their homes as they envision no possibility of ever achieving positive equity.
While government loan modification programs have been weakly promoted to assist with this national problem, they have been predictably ineffective with few borrowers being approved for permanent modifications. Even those borrowers receiving permanent modifications wonder if they have really benefited considering they may now be committed to 40 more years of payments and the uncertainty of when they will ever build equity again.
