Welcome to Foreclosure Help Guide
Sallie Mae Foreclosure Help Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Government Help to Stop Foreclosures
from: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.
Sallie Mae Foreclosure Help News
Even after bankruptcy, trapped by student debt - Boston.com
 Boston.com | Even after bankruptcy, trapped by student debt Boston.com The remaining 15 percent that's counted as private student debt is owed to various non-federal lenders, ranging from banks to loan companies like Sallie Mae Corp. to non-profits and state-affiliated agencies (under the Durbin bill, loans from any ... |
Even after bankruptcy, trapped by student debt - Chattanooga Times Free Press
 Chattanooga Times Free Press | Even after bankruptcy, trapped by student debt Chattanooga Times Free Press The remaining 15 percent that's counted as private student debt is owed to various non-federal lenders, ranging from banks to loan companies like Sallie Mae Corp. to non-profits and state-affiliated agencies (under the Durbin bill, loans from any ... |
Struggling borrowers find private loans tough to discharge - The Coloradoan
Struggling borrowers find private loans tough to discharge The Coloradoan The Stangs filed for bankruptcy and lost their Sandusky, Ohio, home to foreclosure, but because of a 2005 law, their student loan debts still are not dischargeable. / Mark Duncan/The Associated Press The Associated Press The misfortunes that brought ... |
Student-loan debts keep them from buying homes - Sarasota Herald-Tribune
Student-loan debts keep them from buying homes Sarasota Herald-Tribune The Stangs filed for bankruptcy and lost their Sandusky, Ohio, home to foreclosure, but because of a 2005 law, their student loan debts still cannot be discharged. Buy Photo ASSOCIATED PRESS By VICKIE ELMER, The New York Times NEW YORK -- For many ... |
99% Spring Has Sprung: Shareholder Actions Underway Across the County - Huffington Post
99% Spring Has Sprung: Shareholder Actions Underway Across the County Huffington Post Next up: a diverse list of energy firms, banks and baddies like Bank of America, Morgan Stanley, Sallie Mae (think student loans), Verizon, Walmart, WellPoint, Occidental, Peabody Coal and more. These and hundreds of smaller events scheduled for the ... |