Minneapolis, Minn.-based ForeclosureU.com launched a software product for consumers to create their own mortgage modification proposals that conform to the Making Home Affordable Modification Program (HAMP). The Web-based application has a series of online forms the borrower completes to create a modification proposal, and has functions to create hardship letters and written pre- and post- modification proposal. The ease of the modification proposal comes at a price. The software costs $595 on its Web site. ForeclosureU.com is also selling rights (at $200) to third-party individuals to resell the software. The software developers tout the offering as a "simple, affordable and effective solution" to the growing disconnect between government programs, streamlined modification initiatives at large servicers and the growing number of financially constricted borrowers. Write to Austin Kilgore.