Newport, CA (PressExposure) June 30, 2009 -- Single mothers have been one of the hardest hit by the recessionary market. Already struggling with additional responsibilities and lack of sustained source of income, many single mothers across United States have lost their homes to foreclosure. To sensitize and help the women across US CDLoanMod.com, a premier Attorney Based Loan modification Assistance firm, has launched its special Home loan modification hotline.
Home Loan modification works by lowering the home loan interest rate, Reducing the higher installments / monthly payments, reducing the principal balance, hanging the adjustable rate mortgage to fixed rate mortgage, Increasing the loan term to decrease the monthly payment or any combination of the above. The specific deal a home owner gets out of this process depends on how well she can negotiate it with the lender. To do Home Loan Modification, one needs to prove to the lender that he or she is facing financial hardship. This is done by sending a financial hardship Letter to your lender. It explains to your lender why you are in financial trouble and requests a specific remedy to help you through the crisis. Lenders would rather modify your loan than foreclose your home.
Recognizing the need for specialized attorney help for the single mothers, CdLoanMod.com has put together a dedicated team of experts to consult the single mothers and women in general. Women need special care and some one who can be sympathetic to their problems and issues. Certainly it's good to have Loan Modification companies providing expert help to the specific sections of the society.
CDLoanMod.com provides a live online chat facility though its website so that people can take the expert consultation while being anonymous. In addition to this expert loan modification help is also available though a Toll Free Number: 800-738-1170