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Habitat for Humanity Works to Prevent Foreclosures of Homes So Owners Don't Become Homeless Again

By
Commercial Real Estate Agent with American Apartment Owners Association

Habitat for Humanity affiliates across the nation are gearing up for a busy week of home building, from May 31 - June 7.

Habitat's focus is on building, but due to the recent foreclosure crisis, some Habitat affiliates are beginning to offer financial education and training classes for their clients in order to help them avoid the pitfalls of doing business with predatory lenders. Because Habitat buyers obtain their loans at 0% interest, homeowners may be bombarded with calls from such lenders offering refinance packages that come complete with a plethora of hidden penalties and fees. Habitat owners saying yes to these offers could lead to their eventually facing foreclosures.  Please click here to read more.

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Jennifer Rathbun, ABR, SFR, REALTOR
Coldwell Banker Elite - Ladysmith, VA

Thanks for the info. Our family is just starting to get involved with Habitat on a personal level. This will come in handy when we meet with the state officials next week!

May 27, 2008 01:44 PM
Greg Hampton
Re/Max Around The Mountains - Blue Ridge, GA
North Georgia Mountain Property,Blue Rid

Thanks for the great post, Habitat is the best charity I know of. Hang in there.

May 27, 2008 01:50 PM
L Marsh
Sister ta Systah Ministsries - Apple Valley, CA

Thank you for your comments.  One of the most important offererings we can make is the knowledge.  I read the very sad story of the foreclosure of one of the Home Maker winners because they (re) financed.  The home was totally paid off when they took out the loan. This is why we fight so hard for knowledge and a renewed mind, it makes a huge difference.

Aug 04, 2008 12:41 PM
Anonymous
deborah n/a chaires

what can i do not to lose my home i am looking into remodifying or i would like to see if i can do the  deferred with habitat and move my payments to the back of my morgage loan and take it from there

Sep 30, 2010 10:27 AM
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