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Do You Need Help in the Foreclosure Process?
from:When you find yourself in the throes of foreclosure, help can seem unobtainable. There are many organizations that offer programs for those who need help in the foreclosure process. The internet is a great place to access information on these organizations. Many government and non-government agencies will offer this if you need help in the foreclosure process free of charge. Others are in the foreclosure business to make a profit. There are still others that are considered fraudulent and will take advantage of a desperate home owner. The best way to arm yourself against these harmful organizations is through research.
The HUD (US Department of Housing and Urban Development) web site is a great source of information when you need help in the foreclosure process. They will give you contact information for HUD approved counselors. These counselors will be able to review your current situation and give specific advice of options that will help your situation.
Many law firms specialize in helping those in need of help in the foreclosure process. They will help you to form a foreclosure defense, if necessary. They can review your current mortgage agreement and determine if predatory lending was factor. This tends to be a costly option for help in the foreclosure process. Exhausting the free assistance is the best decision before accessing this type of help.
There are also many private companies that will contact you once the foreclosure process is started. These companies claim to assist those in need of help in the foreclosure process, but caution needs to be used as they don’t always have your best interest at heart. Many of these companies profit from the misfortune of others and are not always legitimate. Be wary of people offering easy solutions to your problems. Never sign anything that you don’t understand. Always ask informed questions and don’t agree to work with any one company without first doing research on their history. The Better Business Bureau is a good resource for checking the validity of these companies.
When you need help in the foreclosure process, it is readily available, but you have to go after it and find it. Talk to your lender. They are the best source for finding help in the foreclosure process. Make sure you talk to the early on in the process. There are more assistance programs that are available if you have only missed 1-2 payments. The farther behind you get the less help in the foreclosure process is available. They have as much at stake in your foreclosure as you do. Research found that lending institutions lose an average of fifty to sixty thousand dollars for every foreclosure. They are in the mortgage loan business, not owning or selling houses. It is in their best interest to help you save your house and keep them out of the foreclosure process as well.
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Feds, states, banks agree to $26 billion mortgage settlement - USA TODAY
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What settlement will and won't do for homeowners - MyrtleBeachOnline.com
What settlement will and won't do for homeowners MyrtleBeachOnline.com By DEREK KRAVITZ - AP Real Estate Writer WASHINGTON -- The mortgage settlement that government officials announced Thursday is intended to help victims of foreclosure abuses that followed the housing bust. Many companies that process foreclosures ... |
Illinois to Receive $1 Billion in Multistate Mortgage Settlement - Yahoo! Contributors Network
 IGNN | Illinois to Receive $1 Billion in Multistate Mortgage Settlement Yahoo! Contributors Network The lawsuits allege the companies participated in mortgage rescue scams that included charging customers for little or no help after promising to assist with foreclosure avoidance. * Madigan also sued Standard and Poor's last month after receiving ... Quinn: Mortgage settlement will help Illinoisans |
AG Settlement Ends Robo-signing and Provides a Model for Preventing Foreclosures - Sacramento Bee
AG Settlement Ends Robo-signing and Provides a Model for Preventing Foreclosures Sacramento Bee 9, 2012 -- /PRNewswire-USNewswire/ -- The following is a statement from Michael Calhoun, President, Center for Responsible Lending: "The foreclosure settlement announced today will help build a stronger housing market while keeping more people in their ... |
Arizona to get $1.6 billion in foreclosure abuse settlement - East Valley Tribune
Arizona to get $1.6 billion in foreclosure abuse settlement East Valley Tribune The biggest chunk of Arizona's share of the settlement is earmarked to directly help those who are "underwater" with their mortgages, owing more than the property is worth. Horne said most of that piece has to be used to reduce the principal owed. |