Foreclosure Help Blog

The federal program to help borrowers avoid foreclosure homes could fail about 450,000 mortgage borrowers currently in trial loan modifications because of documentation difficulties.

Sixty percent of delinquent homeowners are not in any program to avoid foreclosure, according to the State Foreclosure Prevention Working Group, which is made up of attorneys general and state banking commissioners.

Troubled homeowners in Ohio can avoid foreclosures by participating in a foreclosure prevention program partially financed by Ohio Attorney General Richard Cordray. Similarly, distressed mortgage borrowers in Nevada can get help from U.S. District Court Judge Kent Dawson.
Attorney General Cordray allocated $1 million to several local agencies in Ohio providing foreclosure counseling services to homeowners. [...]

To help homeowners avoid foreclosure, states and cities have been launching various initiatives since the foreclosure crisis began last year. They have been creating and implementing programs such as free foreclosure prevention workshops, creation of mandatory mediation conferences and door-to-door distribution of foreclosure prevention flyers.
Among recent foreclosure prevention programs are those carried out by [...]

How to avoid foreclosure in California is an ongoing process that begins with taking action immediately after a receiving a default or foreclosure notice.
It is even better if one seeks help earlier – when finances are fast getting tight and when missing the next monthly home loan payment is a real possibility.
Helping California homeowners avoid [...]

Homeowners in Atlanta can avoid home foreclosures with help from nonprofits which have been able to negotiate deals with mortgage lenders and have obtained funds to finance their counseling operations.
Atlanta nonprofits including the Rainbow PUSH Coalition and the Consumer Credit Counseling Service of Greater Atlanta were able to convince Wells Fargo to implement a foreclosure [...]

Homeowners avoid foreclosed houses but redefault, according to the U.S. Office of the Comptroller of the Currency and the U.S. Office of Thrift Supervision.
Based on data from the federal agencies, more than half of homeowners who had their mortgages modified in the first 6 months of 2008 had redefaulted within a year from [...]

Avoiding foreclosure if you have lost your job is oftentimes difficult and even impossible for many. The options available to you become fewer and in many cases, the only option left is letting your house go into foreclosure.
If your spouse has a stable job and if your prospects of getting back into the work [...]

Bankruptcy can be one of the options to avoid foreclosure. This can give you a little break in all the chaos you are having with your home mortgage. But this should only be tried as a last resort because it can also damage your credit rating.
This is advisable for “non-judicial” states like Texas where the [...]

A lot of the trouble homeowners fail to avoid foreclosure because they did not take the most important step in saving their home— talking to their lender. They say that they do not trust their lenders that much.
What they do not know is that what their lenders present (short sale, loan modifications, etc.) are their [...]