Released on = May 9, 2007, 11:46 am

Press Release Author = Camelot Marketing

Industry = Financial

Press Release Summary = Stop foreclosure specialist advises homeowners to act
immediately to save home when financial situation changes

Press Release Body = Stop or avoid house foreclosure now with a simple refinance
loan. Refinance can include car loans and credit card debt to reduce overall monthly
payment.

Many homeowners are falling 30, 60 or even 90 days behind in mortgage payments
before taking any action to stop house foreclosure. By not taking immediate action
only compounds the problem.

"Homeowners fall behind for many valid reasons such as loss of employment,
unexpected medical bills, divorce or separation. Although the reason may be
temporary, not taking immediate action can compound the problem and making it harder
to stop house foreclosure," states Jay Yerman, stop foreclosure specialist with
T.N.T. Lending.

T.N.T. Lending, based in Rancho Cucamonga, CA offers a full range of mortgage
services for home buyers, mortgage refinancing and assisting those that are looking
to stop or avoid foreclosure.

"If house payments are behind homeowners are generally behind with car loans and
probably have several credits cards that are at the limit," continues Yerman

"A simple refinance loan will stop house foreclosure and would take care of all
these troubles. By using home equity all debts would be paid off and the homeowner
is left with a clean slate and generally spending less money every month."

An added benefit to a refinance loan other than stopping house foreclosure is the
often overlooked tax advantage. Interest on a home loan is tax deductible whereas
interest on credit cards and car loans are not. Homeowners should consult their
CPA's for more information on tax advantages.

"One situation where a man desperate to save the family from foreclosure was already
90 days late on the mortgage and desperately needed to refinance and pull out money
to pay off enormous debts."

"The homeowner had just started a new job where and was actually making less money
than before creating a real financial bind. Poor credit made it difficult to even
qualify for a loan, let alone a low interest rate. To make matters worse, the next
day a notice of default on the property was issued."

"A major concern was that the family would not have a place to live. He was
reassured that we would stop house from foreclosure and assist him through this
difficult ordeal, concludes Yerman

There are lenders that are willing to work with homeowners in these situations and
help save house from foreclosure. In this scenario the mortgage payment stayed about
the same but more than $25,000 in other debts were paid off. This alleviated several
hundred dollars in credit card payments every month and increased the household cash
flow.

More importantly, the house was saved from foreclosure and the family was in a much
stronger financial position.

Homeowners should take corrective action long before getting 30, 60 or 90 days
behind in payments to stop house foreclosure.

For more information to stop house foreclosure please call 866 398 4664 or go to
http://www.goldmedalmortgage.com/Stop_House_Foreclosure



Web Site = http://www.goldmedalmortgage.com/Stop_House_Foreclosure

Contact Details = 866 398 4664
http://www.goldmedalmortgage.com/Stop_House_Foreclosure