There is HOPE for Distressed - At Risk of Foreclosure - Homeowners in Idaho.

Don't make the mistake of believeing that it will be better to let the foreclosure happen, because after you lose your home, you will still need to find a new place to live. All too often, the price you will need to pay in rent will be almost as high if not higher than your current mortgage payment. Remember: The owner of the property needs to make his/her mortgage payment, too, so he/she is going to charge a rental payment that's higher than his/her mortgage costs.

On October 1, 2008 the Bush Administration put into action additional mortgage assistance for homeowners that are "At Risk" of foreclosure.   It is called "The HOPE for Homeowners Program."  This program will refinance mortgages for borrowers who are having difficulty making their payments, but can afford a new loan insured by HUD's Federal Housing Administration (FHA).

Housing Counseling Agency. The US Department of Housing and Urban Development maintains a list of HUD-approved counseling agencies. Call (800) 569-4287 to find the agency nearest you.

 Following are the Links that take you to Hud's information on this new program:

	Read the press release
	Information on HOPE for Homeowners
	Guide to avoiding foreclosure

Please contact me with any of your Real Estate / Relocation / Referral needs:

Pam Jank, Realtor, GRI, CRS, ABR, RRS, PPS
Previews Property Specialist
Your North Idaho Real Estate Pro

FREE MLS Listings Search at:
Web:  Coeur d'Alene Idaho Homes for Sale
email to:pamjank@hotmail.com
Phone:  208-661-2282
Fax:  208-772-628 Toll Free:  800-829-2555 EXT.1275
COLDWELL BANKER SCHNEIDMILLER REALTY
435 W. Hanley Avenue
Coeur d'Alene, ID  838315