Welcome to Foreclosure Help Guide
Hud Help Foreclosure Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Help Stop Foreclosure
from:There are many companies that offer to help stop foreclosure. Most are legitimate companies that are able to help the foreclosure process. There are others that are looking to prey on you when you are weak and desperate. It is important that you properly research any company that you consider working with to help stop foreclosure. There are also many free resources that are available. The internet is a great place to access this information. Make sure that you do your homework before allowing anyone to help.
The best place to start is to communicate with your lender. They are in a unique position to help you. They have quite a bit at stake if your property goes into foreclosure. It is estimated that lenders lose between fifty to sixty thousand dollars every time a property is foreclosed on. They are in the business of lending money, not owning or selling houses. There are also laws that prevent lenders from making a profit on foreclosed properties. They tend to be motivated to help stop foreclosure. It is important to never ignore any communication that your lender sends you. There are programs that are available when you are only 1-2 payments behind that are not available the further behind you get. The initial letters will provide valuable information to help stop foreclosure.
The US Department of Housing and Urban Development (HUD) is a great resource when finding help stopping foreclosure. Their web site offers many tips that you can do on your own that may be enough to help stop foreclosure. The web site also offers information to contact HUD counselors that are trained to help stop foreclosure. These counselors either provide their assistance free of charge or for a minimal fee. Some other companies will charge fees as high as 2-3 times you current mortgage payment, so HUD counselors are a valuable place to start.
If you do end up working with a company that can help stop foreclosure, make sure you research them extensively. Check the Better Business Bureau in your area to see if they have any grievances against them. Never agree to sign something that you don’t agree with or understand. It is not uncommon to find others that claim to help stop foreclosure, but are only looking to take advantage of your situation. Be leery of those that claim to be able to solve your problems by signing a few papers. You may be signing away ownership of your home. Also be weary of those that offer the counsel to stop paying your mortgage. They do not have your best interest at heart.
Hud Help Foreclosure News
CredAbility Supports HUD Studies on Housing Counseling - MarketWatch (press release)
CredAbility Supports HUD Studies on Housing Counseling MarketWatch (press release) The foreclosure counseling study reveals that with a counselor's help, nearly 70 percent of those counseled obtained a mortgage remedy to retain their home, and 56 percent cured their defaults and became current on their mortgages. GreenPath Debt Solutions Takes Part In Government Housing Counseling Study BRIEF: Projects BRAVO's Mortgage Counseling Services to Be Expanded |
Preventing foreclosure the focus of seminars - The Desert Sun
Preventing foreclosure the focus of seminars The Desert Sun One mistake borrowers often make is ignoring the problem and not immediately seeking help from their lenders, said Jessica Garcia, vice president of Bank of America National Mortgage Outreach. Garcia and officials with the Federal Trade Commission said ... |
GreenPath Debt Solutions Takes Part In Government Housing Counseling Study - MarketWatch (press release)
GreenPath Debt Solutions Takes Part In Government Housing Counseling Study MarketWatch (press release) HUD concluded that the findings suggest that pre-purchase counseling helps clients make good decisions regarding homeownership, and might help to make homeownership more sustainable. Foreclosure prevention counselingHUD's foreclosure counseling study ... |
Foreclosure Prevention Event to be Held Thursday in Milwaukee - LoanSafe
Foreclosure Prevention Event to be Held Thursday in Milwaukee LoanSafe Homeowners seeking immediate help in avoiding foreclosure can find free professional assistance from a nonprofit housing counselor by going to the following websites: www.takerootmilwaukee.org , www.findaforeclosurecounselor.org or www.hud.gov . |
Pass the California Homeowner Bill of Rights! - OB Rag
 OB Rag | Pass the California Homeowner Bill of Rights! OB Rag This is typical across the state and nationally, as documented in the government's own HUD report. The requirement that the banks provide legal foreclosure documentation and other common sense and fair measures in the California Homeowners Bill of ... |