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.

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