Contact: Cody Hayes - President
Mortgage Advisory Services LLC
Foreclosure Relief — New Local Service Protects
Sub-Prime Mortgage Holders Against Rate Adjustments
Phoenix, AZ; December 17, 2007 — Mortgage Advisory Services LLC helps sub-prime borrowers keep the low rates associated with their original loans for longer periods — up to 336 months.
This service is particularly important as sub-prime loans reset from low introductory interest rates to higher rates, exposing tens of thousands of Arizona borrowers to a greater risk of foreclosure. “Many borrowers assumed they could refinance into more desirable loan products before their rate increases hit,” says Cody Hayes, President of Mortgage Advisory Services, “but flat or decreasing home values in the Valley are taking away this option.”
While President Bush announced an agreement with mortgage lenders to ‘freeze’ interest rates, it only covers people who took out sub-prime loans between 2005 and this summer, have credit scores less than 660, and who live in the homes in question. “Additionally,” says Mr. Hayes, “the government hotline tells borrowers that they’re on their own to negotiate terms with their lenders.”
Mortgage Advisory Services negotiates directly with lenders on behalf of all sub-prime borrowers. “Clients simply authorize us to work directly with their mortgage servicing company,” says Mr. Hayes. “We review all the documents, determine if a hardship letter is necessary, and contact lenders on behalf of our clients to negotiate the best terms possible. It’s in everyone’s interest to keep people in their homes, so it’s really a win-win situation for the borrower and the lender.”
Mortgage Advisory Services LLC offers a complete loan modification assistance package for $995*. For more information, concerned borrowers should contact Cody Hayes at 602-373-8485.
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