Released on = January 10, 2007, 7:14 am

Press Release Author = Camelot Marketing

Industry = Financial

Press Release Summary = 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

Press Release Body = Many homeowners are falling 30, 60 or even 90 days behind in
mortgage payments before taking any action to stop house foreclosure.

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.

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

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 where
interest on credit card debt and car loans are not.

Our office received a call early one morning from a man desperate to save his house
from foreclosure. He was already 90 days late on his mortgage and desperately needed
to refinance and pull out money to pay off enormous debts.

He had just started a new job where he actually was making less money than before,
and was in a real financial bind. His poor credit made it difficult for him to even
qualify for a loan, let alone a low interest rate. To make matters worse, the next
day he received a notice of default on his property.

This man was worried that his family would have no place to live. He was reassured
that we would stop house from foreclosure and assist him through this difficult
ordeal.

We began immediately researching ways to help this client and found a lender willing
to work with him and save his house from foreclosure just in the nick of time. His
mortgage payment stayed about the same but he was able to pay off more than $25,000
in other debts, which alleviated several hundred dollars in credit card payments
every month.

More importantly, this man\'s house was saved from foreclosure and his family was in
a much stronger financial position.

"A bank is a place that will lend you money, if you can prove that you don\'t need
it," Bob Hope once quipped. But when you are going through a bad financial spell,
you need an institution that will stand by you.

Banks tend to make loans that are risk-free to them. It is hard to imagine that any
bank would have helped him in this situation. But we have ongoing relationships with
lenders that specialize in different types of loans. This knowledge allowed us to
help a client save a family house from certain foreclosure.

Although we have the ability to help in extreme situations such as this, we highly
recommend that homeowners take 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




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