Legitimate Website Resources for Foreclosure Help

Real Estate Agent with RE/MAX Professional Associates

Foreclosure is a hard fact in the current market and I speak with someone daily about it…a new client, someone looking for information, a seller who has to short sale to avoid it or a buyer who is looking for one thinking it’s the next great deal.  It’s a sad thing.

The latest estimate is that 2 in every 10 homes is facing foreclosure.  Part of my work is to help home owners avoid foreclosure by facilitating a short sale that will put them on a path to financial recovery.  It’s not the only solution though.  I want to share some of the free resources that are currently available to home owners who are in financial distress. Feel free to share this with someone you know.  It might help them start to get they help they need.

Research your options with this web form
Find your mortgage lender
Find a foreclosure counselor in your area
Focused on helping homeowners in crisis, this alliance helps you determine your options

Find a foreclosure counselor
Raise your own credit score
Fix mistakes on your credit report
The Federal Trade Commission has expert advice

Find a legitimate foreclosure counselor near you
This non-profit organization was created by Congress to provide financial support, technical assistance, and training for community-based revitalization efforts

Making Home Affordable
Making Home Affordable: short sale documents
Making Home Affordable: deed in lieu documents
The official government site for loan modifications and foreclosure alternatives

Find resources to avoid foreclosure in your state
Consult state and local resources

Improve You Credit Score
Credit Q&A
Credit Basics

Understand credit and your credit scores

See your credit report

Get all the details on late payments and other information, but not your actual credit score

The Center for Responsible Lending
A non-profit organization that works to stop predatory lending practices

Volunteer to be a credit counselor
Non-profit agency that works to provide financial literacy

United Way
Donate or volunteer to decrease the number of families that are financially unstable

Donate to the National Community Reinvestment Coalition
Send a donation to help NCRC “ensure that people in traditionally underserved communities are treated fairly and justly when applying for credit, opening a bank account, getting a mortgage, a loan, or other financial product or service.”

The Mortgage Forgiveness Debt Relief Act
Get the details about when you might owe taxes on any debt that is canceled through a short sale or deed in lieu of foreclosure

Download a PDF on identifying a loan modification scam
The Office of the Comptroller of the Currency provides detail about scams, including “10 Warning Signs of a Loan Modification Scam.”

If you are not finding the information you need or if you are interested in talking about a short sale to avoid foreclosure – just let me know.  I would be happy to discuss the process with you to find out if it’s a good solution for you.

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Michael L. Brownstead
Keller Williams Realty - Allen, TX
ABR, GRI, MRP, SRS, 1SG US Army (Ret.)

Wow, this is awesome information and I am sure it will get re-blogged many times! Thank you so much Amy for compiling this list, it is very helpful to all of us in the real estate industry.

Aug 15, 2011 11:56 PM #1
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Mullen Real Estate Team

Broker, Realtor, CPA, MBA (MA & CT)
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