BEVERLY HILLS, Calif., June 13, 2012 /PRNewswire/ -- With more than 200,000 households receiving foreclosure notices each month, there are bound to be a few mistakes. But for some unlucky homeowners, these blunders carry some serious consequences. The money that was supposed to go to your bank is gone? Why do these banks think they can get away with this?
U.S. Loan Educators was established to create and maintain homeownership to keep people in their homes. Since its inception, a major focus was to provide tools to educate, counsel, support and mortgage assist homeowners who experience unforeseen short-term financial problems.
U.S. Loan Educators assists thousands of individuals experiencing budgetary issues related to mortgage delinquencies and foreclosures. We offer a variety of services that assist in correcting a vast amount of financial issues that individuals may encounter. We have formulated various services that can proactively protect against or respond to most homeownership challenges.
Our experience over the past five years has shown that:
- Most homeowners spend their financial reserves required for loan approval within the first 60 days of homeownership.
- For a majority of low to moderate income homeowners, the first time there is a significant financial setback; there is not enough savings to keep them from experiencing financial challenges.
- There is little or no understanding by the homeowner of their current monthly and future financial obligations. In short, they do not have a budget and do not plan financially for the future.
- Most homeowners add significant debt related to the home during the initial two-years of homeownership.
- Few homeowners have any support mechanisms in place to address all the aforementioned issues.
U.S. Loan Educators has helped homeowners across the country to stay in their homes. Our staff consists of professionals experienced in underwriting, servicing and loan originations. All reviews are conducted to validate compliance with federal, state, and local regulations, and include evaluations of Fannie Mae, Freddie Mac, Ginnie Mae, FHA, VA, and various private investor guidelines. U.S. Loan Educators is a national compliance management firm which provides professional, advisory, and consulting services to financial institutions, mortgage bankers, real estate attorneys, consumer lending entities, and homeowners.
For more information about US Loan Educators, please visit http://www.usloaneducators.org.