Millions of Americans are endanger of foreclosure on their homes. There are ways that a homeowner can stop foreclosure, but without the right help the steps can be somewhat overwhelming. Due to the high foreclosure rate, many non-profit and government agencies are offering free help to stop foreclosures.
Things You'll Need
- Copy of foreclosure notice if applicable.
- Copy of Mortgage agreement.
- Income statement.
- Government issued Identification.
Go to the bank the bank the mortgage loan is issued through. Due to the extensive amounts of foreclosures banks have representatives on hand to work with customers on their personal situation. The clerk will also refer the customer to government assistance programs if the situation can not be handled from their situation.
The Home Ownership Preservation Foundation is a non-profit organization that helps individuals with foreclosure problems for free. To get a hold of the a foreclosure counselor you can call the hot line 1-800-995-HOPE. Be prepared to wait weeks and maybe even months to hear back from the organization. While waiting it is best to check out other sources available to prevent foreclosure.
The US Department of housing has counselors available to assist home owners in risk of foreclosure by helping with rent payment while resolving problems. This will allow the homeowner to to readjust their home mortgage or to move out to attempt sell the house in a short sell. The Department of Housing may also assist in finding the low income families or individuals with disabilities affordable housing.
The department of Family Services also helps low income families with assistance in avoiding foreclosure by referring to current programs available at that time. This is a great agency to use if you are having difficulty getting a appointment at other agencies particularly for assisting home owners with avoiding foreclosure.
Tips & Warnings
- When calling any agency have your mortgage contract and foreclosure notice in hand.
- It is best to ask for help avoiding foreclosure as soon a possible.
- Waiting to late to find assistance to avoid home foreclosure can end badly.
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