Welcome to Foreclosure Help Guide
Government Foreclosure Help Article
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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.
Government Foreclosure Help News
foreclosure counseling agency reluctantly closes shop - Philadelphia Inquirer
foreclosure counseling agency reluctantly closes shop Philadelphia Inquirer We hired the staff because there is an absolute need for foreclosure prevention counseling in South Jersey.” While some might misinterpret the word counseling as hand-holding for people who ought to help themselves, foreclosure prevention is a rigorous ... |
Foreclosure-prevention efforts face obstacles in Sacramento - Los Angeles Times
 Los Angeles Times | Foreclosure-prevention efforts face obstacles in Sacramento Los Angeles Times Kamala D. Harrisand advocacy groups have called for tougher reforms and more help for borrowers, while the banking lobby contends that lawmakers shouldn't intervene with what appears to be a market recovery. The conflict over the foreclosure bills is a ... |
National commentary: Big banks - Herald Times Reporter
National commentary: Big banks Herald Times Reporter ... but he shouldn't be shy about touting news that can help homeowners avoid foreclosure. It's well known that the banks have been derelict for the last three years, accepting bailout money from the federal government and then sitting on that money ... |
Foreclosed Americans Find Way Back to Homeownership - Fox Business
Foreclosed Americans Find Way Back to Homeownership Fox Business Much of the comeback wouldn't be possible without help from the US government, namely the Federal Housing Agency. It was created in the 1930s as part of a broader push by Washington to foster home ownership and fight the Great Depression. |
Their View: Big banks doing business on Fantasy Island - Las Cruces Sun-News
Their View: Big banks doing business on Fantasy Island Las Cruces Sun-News In the old days, banks maintained ownership of the mortgages they originated and had strong incentive to help homeowners through periods of trouble. Foreclosure was a very expensive last resort. In today's world, banks routinely sell their mortgages to ... |