Saturday, December 8, 2007

Protect Your Home and Avoid Foreclosure

Concerned About Your Existing Mortgage?

Learn What You Can do to Protect Your Home
· If you feel like you may be in danger of facing foreclosure and need immediate help, call 888-995-HOPE or visit www.995hope.org . Homeowner's HOPE™, a counseling service provided by the Homeownership Preservation Foundation, can work with you to find a solution.


· How to Avoid Foreclosures and Keep Your Home (PDF: 1.7Mb)
You're not alone if you're having trouble paying your mortgage. The housing boom led to a record homeownership rate of nearly 70 percent, but some home owners now face problems making their mortgage payments and can't refinance their loans. This brochure will help you understand your options and give you tips on how to avoid losing your home--regardless of what kind of mortgage you have. Text-only version available (PDF: 71Kb)

· How to avoid foreclosures (HUD)

· Foreclosure Assistance Programs by State

· Help for Homeowners Facing the Loss of Their Home (HUD)

Credit Counseling is Available

· HUD Housing Counselors: A list of counseling agencies by state

· NeighborWorks® America: Find a NeighborWorks® counseling organization in your community

Under a partnership with NeighborWorks® America, NAR is a founding sponsor of the NeighborWorks® Center for Homeownership Education and Counseling (NCHEC). NCHEC's mission is to work with industry partners to train, certify, and support home buyer educators and housing counselors nationwide.

Article source: © Copyright NATIONAL ASSOCIATION of REALTORS® I Headquarters: 430 North Michigan Avenue, Chicago, IL 60611 DC Office: 500 New Jersey Avenue, NW, Washington, DC 20001-2020

Berni's Comments: Foreclosure isn't jazzy but it is very real. As most of my clients know, I prefer to face reality when it comes to real estate. Unfortunately, there are many other folks who are now facing a very serious threat to their home: Possible foreclosure. Recently, I have had calls from protential clients asking for assistance in avoiding foreclosure. Some decide that selling their home asap is the solution, even if it means a short sale. Others desperately want to keep their homes by any legal means necessary. Therefore, since I am a member of the National Association of Realtors, I wanted to share some very important resources that you can share with everyone. If you have any concerns that you wish to discuss in full confidentiality, please contact me as soon as possible.



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