SOURCE: HelpHomeowners.Org

October 01, 2007 08:00 ET

Free Foreclosure Solutions Booklet From Law Professor May Help Save 2.2 Million Homeowners From Foreclosure!

NEWPORT BEACH, CA--(Marketwire - October 1, 2007) - Help4ThePeople.Org and Attorney Richard Ivar Rydstrom offers his foreclosure solutions booklet entitled "13 Homeowner Solutions to Default & Foreclosure" covering Forbearance, Reset Extensions, Repayment Plans to Short Sales (, to minorities, seniors, HUD/FHA, lenders, Congress, Presidential Candidates, President Bush, Attorneys General, NeighborWorks, AARP, National Bankers Association, Mortgage Bankers Association, National Association of Realtors, The National Association of Real Estate Brokers, National Association of Hispanic Real Estate, nonprofit consumer credit counseling agencies, FannieMae, FreddieMac, 1-888-995-HOPE and persons in need, for free online at: www.Help4ThePeople.Org and www.HelpHomeowners.Org!

California lawyer Richard Ivar Rydstrom, Esq. says:

"The week of September 24, 2007, existing home sales hit a 16 year low ( National foreclosures jumped 93 percent ending July 2007, year over year ( Over 154 U.S. lenders have 'imploded' ( Twenty-five percent (25%) of distressed subprime mortgages may go into foreclosure and 2.2 million families may be thrown in the streets. Of the subprime loans, over 50% went to African-Americans, and 40% to Hispanics (Center Responsible Lending 12/2006; African-Americans were 2.7 times more likely than whites to have interest rates 3 percentage points higher than comparable term treasures for first lien loans (Acorn Fair Housing (2005)).

"Homeowners are locked-in with no way out. This is creating a serious social problem. ( We must help stop defaults and foreclosures, and help homeowners keep their homes, and lenders keep their loans. According to The State of the Nation's Housing report (Harvard 2002), every 1,000 homes built creates 2,448 jobs, and $121.9 million in wages, federal, state and local tax revenues and fees. Sadly, Moody chief, Mark Zandi ( predicts things will get worse: 'Defaults will rise to 2.5 million over the next two years and 10 percent of subprime homeowners will be in foreclosure by mid 2008.' One of five recent subprime mortgages will end in foreclosure, double the projected rate from 2002. With distressed prepayments, the total 'failure rate' approaches 25 percent."

Public Service & Media Invitation: We are inviting all media (TV, RADIO, NEWS, PRINT, WEB) to get the word out. The "Help4ThePeople" Information HotLine is 800-770-0797 extension 701 | www.Help4ThePeople.Org

Free Foreclosure Booklet: "13 Homeowner Solutions to Default & Foreclosure" is located at www.HelpHomeowners.Org and www.Help4ThePeople.Org or at:

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