OCEANSIDE, CA -- As foreclosure numbers increase, so does the personal toll on homeowners. Foreclosures climb to record levels, and homeowners caught in this crisis pay a higher cost than just the financial losses of foreclosure. The personal and emotional costs are also mounting. They are worried, frustrated and often embarrassed and afraid to talk with their lender about ways to solve their problems.
Tina, a single mother of two, living in Moreno Valley, California, thought buying a house was going to be the happiest time of her life. "I was living 'the American dream' until one day my son was diagnosed with a life-threatening illness. My dream became my nightmare. I started missing days at work that led to missed income. It was nearly impossible to make my mortgage payment."
Deborah Stegemann has worked in the real estate industry for more than 35 years and is an expert in credit counseling. She says it is a tough decision for people who have worked so hard to get where they are, only to have to walk away from one of the most important investments in their family's life: their home. "People have options but are so stressed it is making them sick, so not only are they losing their homes but their health is in danger also."
Larry Howell, co-founder of the Mortgage Default Legal Team, an organization that assists homeowners through the foreclosure process, said, "We saw a need that we could fill. We had a group of legal, mortgage, and real estate professionals that have more than 100 years combined experience. We negotiate with lenders, stop harassment and collection calls, assist in relocation and credit repair and counsel our clients about their rights." Howell said that although many foreclosure stories are about family hardship, there is also an increasing number of homeowners who are upside-down in their mortgages; that is the value of their home is significantly less than their mortgage. They recognize that the investment in their home has gone bad, and they are looking for help and advice.
According to Howell, "We assist clients through foreclosure and the transition to a new home and counsel them in how to repair their credit. In many states we are able to negotiate with lenders to allow homeowners to remain in their home for up to eight months without making any mortgage payments."
The company's web site receives thousands of hits and hundreds of calls from all parts of the United States. Dave, of Henderson, Nevada, found out how valuable this kind of service can be. "With our finances in shambles, another baby on the way and debts we couldn't get control of, our consultants helped us understand our options and what to expect. Not only have we caught up with a lot of our money woes, we have a lot less sleepless nights now."
For more information about the Mortgage Default Legal Team, call 866-321-6358. http://www.mortgagedefaultlegalteam.com/
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/.
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Source: Mortgage Default Legal Team
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CONTACT: Mortgage Default Legal Team, +1-866-321-6358
Web site: http://www.mortgagedefaultlegalteam.com/
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