foreclosure prevention: How is Your State Responding to the Foreclosure Crisis? - 10/10/08 02:55 PM
The Center for Responsible Lending estimates that one in 33 U.S. homeowners will be in foreclosure within the next 2 years. Nevada, California, Florida & Georgia are among the states hardest hit by the national foreclosure crisis, California also being among the hardest hit by ARM foreclosure starts. Among the steps taken by California to help ease this crisis: Launched a task force Regulates high-risk loans Encourages lenders to modify defaulted loans Mandates that lenders give borrowers in danger of defaulting early notice about available assistance Has sought voluntary agreements with loan servicers to offer borrowers steps to prepare for payment
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foreclosure prevention: FREE Foreclosure Prevention Clinic in Ontario, CA - October 4 - 09/24/08 01:42 PM
Aiding in the foreclosure crisis is dependent on consumer education. Too many homeowners are still reluctant to seek help...too many don't believe help is available or even for real! A HUD approved non-profit counseling agency is offering a FREE workshop for homeowners in Ontario on October 4. For more details & to register go to... Housing counselors, mortgage counselors and attorneys will be on site to share valuable information to assist homeowners in making an informed decisions. **Please help spread the word**
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