"Underwater Mortgage" Fix It Yourself With New Tech Tool Online

Online, March 5, 2010 (Newswire.com) - Tampa, FL - LRT USA Inc. today announced a new tech tool "Underwater Home Mortgage Evaluator". This new online tool determines if a home is "underwater" and by how much based on the outstanding mortgage balance(s) and most lenders new risk value process. Today, over 11 million home mortgages are underwater at an average $69,700 per property. That means average homeowners owe $69,700 more than their home could sell for.

"U.S. Taxpayers funded the bail out of major banks, and are angry, scared, and want straight answers and new tools they can use to economically "fix" mortgage problems. Until now there was no universally trusted source to provide them. We responded to homeowner requests and developed 'The Underwater Home Mortgage Evaluator', as the first step in the mortgage resolution process, as an easy to use "Do-It-Yourself" decisioning tool". This new tool Is linked to several new complimentary technologies that enable homeowners to perform DIY loan modifications, short sales, or learn how to get cash and walk away, said Debi Simmons of LRT USA Inc.

This new tool evaluates the financial position of the homeowner, then provides best practices resolution options, two reports, e-books with standardized lender forms, checklists, and complimentary technology solutions that guide users through the difficult process of improving their financial position in home ownership. A myriad of valuable information includes support via FREE 45 minute tele-seminars where homeowners can submit questions and receive immediate answers from a panel of real estate mortgage and debt management experts from support organizations.

The Underwater Home Mortgage Evaluator - available at an introductory price of $29.95 helps determine if a homeowner is underwater on their mortgage and provides economical methods for homeowners to resolve the problem themselves. Millions of homeowners get no assistance from their lenders and don't know what to do or who to ask sensitive mortgage related questions. LRT has taken a leading role by providing the necessary support, the technologies, and the answers millions of homeowners are looking for. Look or a complete e-learning portal soon.

"This strengthens our commitment to homeowners to build on our existing suite of mortgage resolution services. The latest online tool is a result of feedback from struggling homeowners who regularly look to us to provide them with cost effective solutions to help them navigate the current mortgage and housing crisis," said Simmons. LRT USA, Inc. provides mortgage resolution education and technology solutions to lenders, homeowners, non-profits, attorneys, and more. The "Underwater Evaluator" is available at www.lrtus.com/underwaterevaluator.

About LRT
LRT is a leader in providing technology and eLearning solutions for mortgage resolution. Our software and services help homeowners make more informed mortgage decisions.