Avoiding Foreclosure

Anyone who has been watching the news or reading anything to do with the economy and/or real estate knows that we’re living in a bleak economic time. I won’t rehash all the gory details here as it’s not my intent to bring anyone down.

So for everyone out there who is staring foreclosure in the face, please know that it doesn’t have to be a foregone conclusion that you’re going to lose your home. If you lie awake at night and worry about becoming one of the newly homeless, there is some hope. HopeNow.com, to be exact.

HopeNow “is an alliance between HUD approved counseling agents, mortgage companies, investors and other mortgage market participants that provides free foreclosure prevention assistance,” according to the website.

You can thank the Department of the Treasury and the U.S. Department of Housing and Urban Development for this little nugget. They encouraged lenders, investors, and non-profits to form this alliance to try to stem the tide of foreclosures that has been inundating your local housing market.

In addition to the website (http://www.HopeNow.com) they also have a phone number you can call: 888-995-HOPE (4673).

If you’re facing foreclosure, quit dilly-dallying and ask for help.  And if you have a friend or family member who is facing foreclosure, please along this information. Now.

Tiny Varner is a licensed Realtor® in Virginia, Maryland, and the District of Columbia. She loves her job.