Foreclosure and the loss of ones home is a problem that millions of Americans have faced and millions more are grappling with at this very moment. If you are facing foreclosure it's easy feel overwhelmed and in despair. Maybe you've spent hours on the phone with your lender, maybe you've been round and round trying to get a government modification, but to no avail. Or maybe you've tried a credit counseling service only to be turned off by a high pressure sales approach or restrictive and costly methods to resolve your dilemma.
Before giving up and letting the home go back to the bank, or worse yet abandoning the home, it might be worth your while to contact some local non profit organizations that can help.
One organization that could be particularly helpful is IHOEP or the Iowa Home Ownership Education Project. IHOEP's mission is "To support home owner education in Iowa through a collaborative of organizations and individuals." They don't represent a financial institution or the government so their approach may be different from what you have experienced so far. On their Foreclosure and Delinquency Counseling page are five different resources for homeowners:
|Citizens for Community Improvement||Consumer Credit Counseling Services||Iowa Mortgage Help Hotline|
|Iowa State University Extension||Neighborhood Finance Corporation|
All of the above resources are free and confidential. If you are a homeowner who is in foreclosure and you have not tried using the above resources, you owe it to yourself to take a few minutes to call and see if they can help. The might not be able to prevent you from losing your home, but they may be able to halt or delay the process to give you more time to plan what your next move might be. If you have any questions about foreclosure or the resources above please call me and I'll be gald to help in any way i can.