BigNews.Biz - Feb 12,2009 - Salt Lake City, UT – Sydney Financial Group’s new loan modification services are helping homeowners avoid Utah foreclosure. State residents who are behind on mortgage payments and are facing the possibility of Utah foreclosure are encouraged to call for loan modification help.
The Sydney Financial Utah foreclosure avoidance program helps homeowners by re-negotiating the terms of their mortgage with the lender. Often, banks agree to make client’s monthly payments more manageable by creating a payment plan, lowering the interest rate, or even decreasing the amount owed on the loan.
In the past twelve months, Utah home values have declined substantially. Experts project that Salt Lake City homes will see a 29% decrease in value over the next two years. Provo is already listed as one of the top 5 worst housing markets of 2009, as reported by Economy.com. Due to this situation, a growing number of homeowners are expected to face Utah foreclosure during the next few months. As more homeowners find themselves “upside-down” on their mortgages, owing more than the property is worth, they will seek help to make the payments more manageable during this economic downturn.
In order to qualify for Utah foreclosure avoidance help, clients must own their homes and be unable to make the monthly payment. Often, clients have trouble meeting this obligation due to recent unemployment, reduced hours at the office, or an increased interest rate due to an adjustable rate mortgage.
To learn more about Utah foreclosure avoidance, homeowners can request assistance on the Sydney Financial Group website: www.SydneyFinancialGroup.com.
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