Where would homeowners go for help when foreclosure raps on their doors? For couple David Gonzales and his wife Tiffany, they ran to homesaverprogram.org.

In 2005, David's parents fell seriously ill. The mounting medical bills prompted the couple to refinance their $350,000 home in Chicago, IL, from a $200,000 30-year fix-rate mortgage at a 6.0% interest rate to a $325,000 adjustable-rate loan with a rate of 8.5% for the first 3 years. When loan interest jumped to 10.0% and the mortgage payment rose to $2,852, David and Tiffany started falling behind on their mortgage payments. As a result, their lender served them foreclosure warnings.

“We don’t want to lose our home,” said David. “But at the same time we don’t have the means to pay for the mortgage. We were becoming desperate.”

While browsing the Internet one day, Tiffany came across homesaverprogram.org. They immediately contacted the company’s website and explained their predicament.

“They called in the nick of time,” said Darvin Legaspi, founder of Legaspi Property Solutions, Inc., the parent company of homesaverprogram.org. “My team of housing finance experts lost no time and gathered the Gonzales’ financial documents. We helped them compose a hardship letter to their lender and explained their prevailing financial difficulties. In addition, we created a true financial hardship workout package and sent it to their lender.”

“Initially, the mortgage bank turned down our request,” Darvin Legaspi continued. “We expected this response because the banks’ customer representatives are trained to say no. That’s where our persistence and our professional negotiating come in.”

After 45 days of negotiations with Litton Loan Servicing, homesaverprogram.org, through Legaspi Property Solutions, Inc., helped the Gonzales keep their home by lowering their monthly mortgage payments to $1,896 with a 5.75% fixed rate mortgage.

“The couple felt relieved and is now happy with these results,” added Legaspi.

homesaverprogram.org was founded in 2005 by Darvin Legaspi, an entrepreneur, real estate investor and mortgage professional. Forecasting a national foreclosure crisis and a mortgage meltdown, Darvin Legaspi set out on a journey to save the American Dream and aid homeowners in keeping their homes from mortgage foreclosures. His company, Legaspi Property Solutions, Inc., serves as a negotiator for the homeowner to obtain a more suitable mortgage.

“My team of finance experts negotiates and convinces lending institutions that it is more cost-effective for them to adjust a homeowner’s loan rather than taking it back and selling it as an REO,” explained Legaspi, 25. “Because of these negotiations, most lenders are receptive to loan modification.”

Legaspi Property Solutions, Inc. processes an average of 150 requests per month and the number is increasing every day.