There Is HOPE For Troubled Borrowers

By
Real Estate Agent with Keller Williams Realty Partners 290057

Trouble Paying BillsWe all know someone who is having trouble keeping up with their mortgage, it might even be you. We need to let them know that there is help. I was reading an article in National Association of Realtors monthly publication titled Help Troubled Borrowers. If you have talked with these people, then they have probably mentioned that there are a lot of people out there that are calling and offering help. Please advise these folks to call 1.888.995.4673, (1.888.995.HOPE).

President George W. Bush announced sometime in the middle of December that he was going to help people in these defaulting sub-prime mortgages. Here is what you need to know to help anyone you know that is having trouble with paying their mortgages on time, or has experienced a rate increase that has made it near impossible for them to pay.

President Bush's HOPE NOW (HomeOwnership Preservation Foundation) is a voluntary effort by lenders, mortgage investors, and loan officers to help borrowers that are faced with default when their adjustable rate mortgages resets at a higher rate. One of the key parts of Hope Now is the interest rate freeze that would give these borrowers time to work out a possible solution.

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Tags:
real estate
finance
mortgage
ellijay
blue ridge
foreclosure
north georgia
blairsville
hope now
chad lariscy

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Rainmaker
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Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains
Great consumer post that is sure to help out some folks.
Feb 29, 2008 05:49 PM #1
Rainer
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Chad Lariscy
Keller Williams Realty Partners - Blue Ridge, GA
Advocate For Mountain Living

Thanks Donna,

I HOPE that things begin to turn around and we will not have to worry with it at all! Thanks for your comment.

Chad

Feb 29, 2008 11:41 PM #2
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Rainer
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Chad Lariscy

Advocate For Mountain Living
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