November 13, 2007

JAMAICA, NY – Taylor Solutions LLC offers foreclosure alternatives to homeowners who are delinquent on their mortgage payments and facing foreclosure. For a flat fee Taylor Solutions represents homeowners and works out an agreement with their lenders that will allow homeowners to get their payments back on track and stay in their home.

Foreclosures are at an all time high among subprime borrowers many of whom have Adjustable Rate Mortgages or ARM's that charge an initial discounted rate for a period of time, and then adjust to market levels (i.e. reset). The number of subprime borrowers in New York quadrupled between 2002 to 2005 from 6.5 percent to 22.9 percent. One result is that 46% of all loans made in Jamaica, Queens were issued by lenders who specialize in subprime loans. Minorities are hit particularly hard because African-American borrowers were four times more likely, and Hispanic borrowers were three times more likely, to receive subprime loans as White borrowers in 2006.

Adjustable Rate Mortgages will continue to reset over the next 3 years and beyond. As a result, the number of homeowners facing foreclosure will increase exponentially. Statistics estimate that nationwide $370 billion worth of ARMs are resetting in 2007, $250 billion will reset in 2008 and 2009 and another $700 billion will reset in 2010 and beyond.

As the foreclosure crises continues Taylor Solutions LLC is in a unique position to help homeowners save their homes from foreclosure. Taylor Solutions LLC can also assist homeowners who want to negotiate the sale of their home with their lenders for less than what is owed on the mortgage.

Taylor Solutions was founded in 2007 by an attorney with nine years of legal experience in civil litigation, contracts and mortgage banking.

If you'd like more information about this topic, or to schedule an interview with Jill Hamer, please call 646-226-1277or e-mail Jill at Taylor_Solutions@yahoo.com.

Taylor Solutions