ForeclosureU Introduces New Web Based Software to Help Troubled Property Owners Obtain Mortgage Modifications

    MINNEAPOLIS, MN, August 28, 2009 /24-7PressRelease/ -- ForeclosureU.com, the nations leader in foreclosure education since 2006 today announced a new consumer based software program that allows distressed property owners the opportunity to create their own lender conforming mortgage modification proposal. LoanMod Creator is user-friendly software that enables the average person to produce and submit their own professional mortgage modification package to their lender.

Users of LoanMod Creator are taken step by step through the softwares secure online forms as they enter their personal and financial details. LoanMod Creator automatically underwrites the mortgage modification per lender affordability equations while it computes real time success probabilities. The user is given the opportunity to make revisions based on intuitive feedback and is alerted when probability scores drop below allowable margins. The software also creates necessary required documents such as the "Hardship Letter" and "Pre & Post Modification Proposal".

The black hole of loan modifications

Contrary to optimistic predictions and sweeping government assistance initiatives the number of property owners in financial distress continues to escalate at alarming rates. The national media, Internet and all advertising mediums are cluttered with a plethora of private and public sector programs designed to stem the juggernaut of foreclosures. Yet a severe disconnect exists between viable solutions and millions of property owners being financially squeezed tighter and tighter. At the heart of these failing initiatives is an uneducated, stressed out and tepid consumer that is ill equipped to afford expensive professional mortgage modification service options.

LoanMod Creator becomes part of the solution

Providing the consumer a simple, affordable and effective solution to lower their monthly payments via a loan modification is fundamental in addressing the mortgage and real estate crisis. LoanMod Creators mission is to fill that void with a software solution that:

*Creates a professional, conforming and complete loan modification proposal
*Conforms to "Making Home Affordable" National Loan Modification Guidelines
*Is affordably priced
*Is easy and simple to use
*Provides user support both online and via telephone

The LoanMod Creator software has been extensively field-tested and is effectively being used on a commercial basis nationwide by loan modification law firms, accountants and many other professional services.

About ForeclosureU.com
ForeclosureU has been a national educator and publisher of foreclosure related training since 2006. In a constant effort to provide foreclosure solutions, LoanMod Creator was built to address the needs of property owners needing loan and mortgage modifications.

To learn more about LoanMod Creator and view an online demonstration of the software visit www.LoanModCreator.com

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