Mortgage Loan Modification Now Cheaper and Easier Thanks to ModificationSoft.com

Las Vegas (PRWEB) March 17, 2009 -- Homeowners wanting to reduce their mortgage payment and avoid foreclosure can now take advantage of a new mortgage loan modification service at www.ModificationSoft.com. The revolutionary portal provides homeowners with a simple and convenient way to create a loan modification proposal for their lender--all online without the hassle or expense of hiring an attorney.

Priced at $397 or $497, the new do-it-yourself mortgage loan modification service provides a cost-effective solution for homeowners who are struggling to meet their monthly mortgage payment. "It's much cheaper to purchase our mortgage loan modification service than to hire an attorney or third-party loan modification company--which can charge anywhere from $1,500 to $4,000," said Jeff Strum, managing partner of U.S. Loan Modification Services, LLC. "Plus, with ModificationSoft.com, homeowners are in control, and they don't have to worry about paying several thousand dollars to a third party only to discover they have been scammed."

Mortgage loan modification is a rapidly-increasing trend, as the nation's economic crisis pushes loan defaults to a record high. ModificationSoft.com represents a very timely and feasible solution for homeowners who are facing financial difficulties. "Loan modification can save a homeowner hundreds of thousands of dollars over the life of the loan by modifying to a lower interest rate, longer term or principal reduction," Strum said. "It can keep a homeowner from having his or her home foreclosed on."

Mortgage loan modification provides a better alternative than a traditional refinance. Refinancing typically requires a new closing, legal fees, survey, appraisal and taxes. Loan modification, however, is a restructured agreement between the borrower and mortgage lender with revised terms and interest rates. It immediately brings the existing loan up to date, giving the homeowner a fresh start to manage the mortgage note.

ModificationSoft.com is a unique resource because it provides everything homeowners need to create their own loan modification proposal. Here's how it works: Users create a password-protected account, follow the simple, step-by-step instructions to input their information and either upload, email or fax copies of their paycheck stubs, banking statements and other documents. ModificationSoft.com does the rest. It generates a customized loan modification proposal and securely sends it--along with the information and documents provided--to the lender. The system also helps create a hardship letter, updates financial information required by the lender, and provides confirmation that the lender has received the loan modification package.

About ModificationSoft.com

ModificationSoft.com is a one-of-a-kind, self-empowering tool for homeowners wanting to get their mortgage back on track. The ground-breaking Website--owned by Las Vegas-based U.S. Loan Modification Services, LLC--also offers a white-label product to assist attorneys, loan modification companies and mortgage brokers. For more information about the new mortgage loan modification service, please visit www.ModificationSoft.com or call (877) 962-4427.

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