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Is there help for people facing foreclosures?

April 26, 2017facing Foreclosures help people

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Is there help for people facing foreclosures?

2 Answers

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Yes, the first step is to contact your lender. About half of the people entering into foreclosure have not contacted their lender. Lenders want you to keep your home and many will work with you to do so. You can also contact HOPEnow, an alliance of financial service professionals that offer free foreclosure prevention counseling. There is additional help for homeowners whose mortgages are held by either Fannie Mae or Freddie Mac through the new Making Home Affordable plan. Contact HOPEnow.com online or by calling 888-995-HOPE (4673).

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Yes, the first step is to contact your lender. About half of the people entering into foreclosure have not contacted their lender. Lenders want you to keep your home and many will work with you to do so. You can also contact HOPEnow, to see if you qualify for a mortgage modification or contact the Homeownership Preservation Foundation (888-995-HOPE), which offers free foreclosure prevention counseling. There is additional help for homeowners whose mortgages are held by either Fannie Mae or Freddie Mac through the new Making Home Affordable plan.