7000 Foreclosures Per Day According to Obama on Larry King

Last night on Larry King Live, Barack Obama was mentioned that there are now 7,000 new foreclosures everyday.

Everyone is talking about home foreclosures but people do not seem to know there is a way to prevent or stop the foreclosure on your home.

It's called "Loan Modification" and you can see how it works at http://www.loanmodifications360.com/

Basically you can pay for this service where they will go to your lender and negotiate a more affordable loan payment.  They can usually get you a lower interest rate.  Sometimes they can reduce the amount you owe on your mortgage.

This all works because the banks do not want anymore houses.  They have too many already. 

You can check out their blog http://loanmodexpert.typepad.com/

You can try to process a loan mod yourself, but you will come out better if you hire an expert.  They know how to work the lenders.