Our Real Estate Blog

NEW HOTLINE FOR HOMEOWNERS FACING FORECLOSURE

December 12th, 2007 10:30 PM by Lehel Szucs

We hope that this link will help some homeowners that are in trouble.  The key is to get help and start looking onto options as soon as trouble starts.  The longer you wait the fewer the options.

NEW HOTLINE FOR HOMEOWNERS FACING FORECLOSURE

The HOPE NOW Alliance announced Monday the establishment of a consumer hotline for homeowners facing foreclosure. The HOPE Homeowner's hotline is being managed by the Homeownership Preservation Foundation, and provides free, independent, bilingual, HUDapproved counseling and advice 24 hours a day for homeowners who have questions about their mortgage loans, and may be in danger of losing their homes.

The HOPE NOW Alliance was organized at the urging of Treasury Secretary Henry Paulson and members from the U.S. Dept. Housing and Urban Development (HUD) in November, and consists of consumer credit counseling organizations, mortgage service providers, lenders, investor groups, and 10 trade associations serving the housing industry, including NeighborWorks America.

http://www.hopenow.com/

 

If you are having trouble paying your mortgage, please contact your lender or a credit counselor at 1.888.995.HOPE. Find out your options now – don’t waste another minute!

A non-profit, HUD-approved credit counselor is waiting for your call –1.888.995.HOPE

Other Helpful Links for Counseling Information:

NeighborWorks America: http://www.nw.org/network/home.asp
Homeownership Preservation Foundation: http://www.995hope.org/
MyMoneyManagement: www.MyMoneyManagement.net

HOPE NOW is a cooperative effort between counselors, investors, and lenders to maximize outreach efforts to homeowners in distress.

Membership

Counselors

Consumer Credit Counseling Service of Atlanta

Homeownership Preservation Foundation

Housing Partnership Network

NeighborWorks America

Servicers/Lenders/Mortgage Market Participants

AIG / American General Financial Services, Inc.

Aurora Loan Services, Lehman Brothers

Carrington Mortgage Services

IndyMac Bank

Litton Loan Servicing

Morgan Stanley Home Loans

Ocwen Loan Servicing

Wilshir Credit Corporation, Merrill Lynch Home Loans

Investors

American Securitization Forum

Fannie Mae

Freddie Mac

Trade Associations

American Bankers Association

America’s Community Bankers

American Financial Services Association

American Securitization Forum

Consumer Bankers Association

Consumer Mortgage Coalition

The Financial Services Roundtable

The Housing Policy Council

Mortgage Bankers Association

Securities Industry and Financial Markets Association

 

 

 

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Posted by Lehel Szucs on December 12th, 2007 10:30 PM

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