Released on = January 21, 2007, 2:37 pm

Press Release Author = Camelot Marketing

Industry = Financial

Press Release Summary = Stop or avoid foreclosure in California with a new refinance
program just launched.

Press Release Body = Precision One Mortgage announces the introduction of their new
"HomeSaverLoan" program designed to assist homeowners that are facing foreclosure in
California.

"During some part of our lives it is inevitable we will have some form of financial
hurdle to overcome. These hurdles may include loss of employment, unexpected medical
bills, divorce or separation. Everybody has been through one or all of them, but it
is how we react to these problems that is critical to overcoming them," states James
Williams, President of Precision One Mortgage

"Financial problems are stressful, but the problems do not go away by avoiding them.
But sadly, many homeowners do just that only to compound their problems."

"On a daily basis, we deal with homeowners who are facing foreclosure in California.
These homeowners are facing foreclosure because they have waited 30, 60 or even 90
days before taking any action."

"During this time their credit scores have dropped dramatically making it even
harder to qualify for a refinance. We developed the "HomeSaverLoan" for this type of
scenario."

"The "HomeSaverLoan" is a three step program. The most important part is to avoid or
stop foreclosure, followed by credit repair, and finally refinance at a lower rate."

"If house payments are behind homeowners are generally behind with car loans and
probably have several credits cards that are at the limit. All of this equates to a
low FICO credit score. With the "HomeSaverLoan" program we can refinance with a FICO
score as low as 400."

"The refinance can include car loans and credit card debt to reduce overall monthly
payment. 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."

"Unfortunately a low FICO credit score means high interest rate, but this is only a
temporary measure. The second step of the program is to work with the homeowner and
repair the damaged credit."

"With a higher FICO credit score the homeowner is entitled to a lower interest rate.
This brings us to the final part of the program which restores the homeowner back to
their original position prior to all the financial problems."

"We have successfully implemented and tested the "HomeSaverLoan" program with
homeowners facing foreclosure in California, and we are looking to rolling the
program out nationwide in the near future," concludes Williams.

For more information to stop house foreclosure in California 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 = Keith Hunt
8190 Orchard Street
Alta Loma , 91701
$$country

9099871233
camelot21@mindspring.com
http://www.goldmedalmortgage.com/Stop_House_Foreclosure