Welcome to Foreclosure Help Guide
Help With 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.
Help With Foreclosure News
Experts: Md. foreclosure programs prolong crisis - Washington Examiner
Experts: Md. foreclosure programs prolong crisis Washington Examiner States without loan modifications, like Va., are showing rebounds while Maryland's efforts to help cash-strapped homeowners avoid foreclosure are prolonging the housing crisis, according to housing experts. (Examiner file photo) Maryland's efforts to ... |
Are Declining Foreclosures Good News for Housing? - DailyFinance
 The Republic | Are Declining Foreclosures Good News for Housing? DailyFinance This should help keep hundreds of thousands of underwater loans from entering the foreclosure pipeline as well. Short sales and other programs are helping to lower foreclosure numbers, which can only help the housing recovery. Single mother caught in a mortgage nightmare |
Land bank would help cities rid itself of blighted homes - Middletown Journal
Land bank would help cities rid itself of blighted homes Middletown Journal Hamilton and Middletown, the hardest hit by foreclosures, have both passed resolutions to support a county land bank and met with county officials last week to discuss the issue. “I think we have blight issues to be addressed. |
Ore. Lawmakers OK Foreclosure Mediation Funds - KTVZ
 OregonLive.com | Ore. Lawmakers OK Foreclosure Mediation Funds KTVZ The Oregon Legislature's Emergency Board approved a request for funding Wednesday that will launch a foreclosure mediation program to help struggling homeowners by July of this year. The program created by Senate Bill 1552 was approved in the final ... Oregon legislators approve funds to help stressed homeowners |
Foreclosure Prevention Event to be Held Thursday in Milwaukee - LoanSafe
Foreclosure Prevention Event to be Held Thursday in Milwaukee LoanSafe (Source: Paul Gores Milwaukee Journal Sentinel (MCT) — A group of mortgage lenders and nonprofit housing organizations will hold a free foreclosure prevention event in Milwaukee on Thursday. Troubled homeowners seeking assistance to help them avoid ... |
Malloy Announces Plans for CT's Share of Foreclosure Settlement - Patch.com
 Mortgage Rates & Trends | Malloy Announces Plans for CT's Share of Foreclosure Settlement Patch.com The settlement will be also used to support state and nonprofit initiatives that provide direct assistance to homeowners facing foreclosure. “At a time when other states are using money from this settlement to plug holes in their budgets, ... Foreclosure Prevention Program Gets Major Share Of State's Funds From Settlement Deo Buddhu Accused Of Mortgage Scam Promising False Federal Aid Malloy, AG announce allocation of mortgage foreclosure settlement funds |
More Military Members, Spouses Would Get SCRA Help Under New Bill - Patch.com
More Military Members, Spouses Would Get SCRA Help Under New Bill Patch.com Introduced this week, the Servicemember Housing Protection Act would help military homeowners hammered by a flailing housing market and broaden the scope of the SCRA, which already provides active service members with protections against foreclosure, ... |
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 |