Foreclosure Help Guide

Dakota County Help For Foreclosure Section


 


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Dakota County Help For Foreclosure Article

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Government Help to Stop Foreclosures

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Many advocates reason the there needs to be an increase in government help to stop foreclosures. With the recent increase in foreclosure rates, many politicians are pushing for government “bail out” for the institutions that offered subprime mortgages. What the average consumer doesn’t realize is that there are many government, state and federal, that are already in place to help stop foreclosure. When looking for information on government help to stop foreclosures, the internet is a great place to look.
The HUD (US Department of Housing and Urban Development) has many programs in place to offer government help to stop foreclosures. The HUD web site offers many tips and suggestions for home owners that find themselves in financial difficulty and impending foreclosure. The most important step is to have open communication with your lender. The federal government has incentive programs in place for the lender to help avoid foreclosure. There is significant assistance available for those that communicate with their lender early in the foreclosure process. HUD also has approved foreclosure counselors that will offer individualized help.
A recent collaboration of HUD/Federal Housing Administration, the Department of Veteran Affairs, the Department of Labor and mortgage lenders has provided valuable information regarding government help to stop foreclosures. If you are facing financial difficulties due to job loss, military service, or natural disasters, there are many programs providing government help to stop foreclosures. Contacting any one of these agencies is an important step in gathering information to help you keep your home.
Victims of a natural disaster have special government help to stop foreclosure that has been made available through the national government. If you were a victim of a national tragedy, like the attacks of September 11, 2001, there may still be help available through the disaster relief plans that the federal government has in place. Military families that are suffering financial hardship due to deployment or disabilities caused during active duty also qualify for special programs to help them keep their homes.
The most important step when looking for government help to stop foreclosures is to contact your lender. Lenders will have the most up to date information on what government programs are available and can tell you if you qualify for any of them. Lenders have workout options that help you keep your home. These options will work best if you are only 1-2 payments behind, so contact your lender early. The farther behind you get, the fewer options there are to deal with. Government help to stop foreclosures is available; you just have to act early to be able to benefit from most of these options.


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Dakota County Help For Foreclosure News

Foreclosure decline across metro area is uneven - Minneapolis Star Tribune


Foreclosure decline across metro area is uneven
Minneapolis Star Tribune
Photo: Marcio Jose Sanchez, AP While the foreclosure crisis has hit every metro-area county, they are slowly recuperating. But Dakota and Anoka counties are lagging behind the Twin Cities as a whole. Last year, while foreclosures dropped 16 percent ...

Read more...


NAR: existing home sales, prices, inventory levels improve - AGBeat


NAR: existing home sales, prices, inventory levels improve
AGBeat
... that the shrinking foreclosure volume is helping home values, and in some areas price conditions are improving as inventory levels tighten up, and the association expects even stronger price increases in areas like Phoenix, Miami and Orange County.

and more »

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Lakeville father who abandoned son sentenced - San Jose Mercury News


Lakeville father who abandoned son sentenced
San Jose Mercury News
A Dakota County judge also ordered 60-year-old Steven Cross to pay about $2500 in restitution for his extradition from California. Cross left Minnesota last July when his house was lost in foreclosure. He left behind letters telling his 11-year-old son ...

and more »

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Lakeville dad who abandoned son gets 2 years probation - Minneapolis Star Tribune


Minneapolis Star Tribune

Lakeville dad who abandoned son gets 2 years probation
Minneapolis Star Tribune
After his sentencing in Dakota County District Court, Steven Cross, 60, showed emotion while talking about being separated from his 11-year-old son, Sebastian. Steven A. Cross had not spoken to his 11-year-old son since last July, when he abandoned him ...
Lakeville father who abandoned son sentencedAustin Herald

all 3 news articles »

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County Board Actions: Armored Vehicle and Prescription Drug Program - Patch.com


County Board Actions: Armored Vehicle and Prescription Drug Program
Patch.com
Programs are tailored to each county, yet offer similar savings to residents. The board was briefed about these programs by the National Association of Counties (NACo) in 2007, and Ramsey and Dakota counties implemented programs at that time.

and more »

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