Foreclosure Help Blog

Alabama legislator Richard Shelby has criticized the Democrats’ plan to improve the country’s financial industry in an effort to prevent foreclosed homes numbers from rising. According to Shelby, the plan is flawed since it failed to properly control government-sponsored enterprises, Freddie Mac and Fannie Mae.

The United States federal government and state legislators are stepping up efforts to prevent home foreclosures in Arizona. The state is among the areas in the country that suffered the worst due to the foreclosure crisis.

The number of homes that receive foreclosure notices continues to increase. But troubled homeowners must know that they can prevent foreclosure. It is their lenders duty to present options, but it is the delinquent homeowner’s responsibility to ask.
Here are 10 alternatives you can choose from to prevent foreclosure:

HOPE NOW
In alliance with the mortgage industry, Hope [...]

Regional Housing Legal Services representative Donald Marritz is disappointed to announce that only one of four troubled homeowners apply for financial aid. These may mean that either these homeowners just do not care about their homes, or they just do not know what to do to prevent foreclosure.
If you are one of those homeowners who [...]

The localities of Massachusetts are tired of waiting for state and federal actions that will hopefully prevent foreclosure. They are now trying to combat the housing problem on their own.
Disappointed to what appears to be a lack of urgency, the local governments of the Bay State cities are trying to stop bank repossessions and protect [...]

Many homeowners either can not admit that they are already facing mortgage difficulties or believe that there is nothing they can do to prevent foreclosure. They must know that loan modification programs are available for their need and it can be effective in avoiding foreclosure. It may appear confusing and tedious at first, but they [...]

Realtors would want to emphasize that the foreclosure problem does not only affect the homeowners who can not manage their mortgages anymore, but the whole housing industry. So to prevent further plunging of median home prices, we must first prevent foreclosure.
Without a definite system that tracks down foreclosure cases in the Springfield area, nobody can [...]

These are the three most common reasons why people were not able to prevent foreclosure:

Decreased income due to unexpected events: death in the family, job loss, or an ailment that stops you from performing your job.
Lack of complete mortgage understanding: the type and the terms.
Tricked into acquiring an unsustainable loan.
If you do not want to [...]

The Senate passed housing bill that aims to prevent foreclosure won by 91 to 5. Possibility of shifting from a risky credit to a more manageable one may sound good for troubled homeowners, but others sees this as a risk for taxpayer’s money. But the Senate needs to act on saving the economy from further [...]

Maryland unveiled just this Wednesday of its move to prevent foreclosure and to keep homeowners inside their houses. It has designated more than $2.5 million to address this problem. This fund has come from different funding sources, which include federal, local and state sources. This fund is specifically for supporting homeowners who are currently facing [...]