As predicted, increasingly more homeowners and properties are going into or are threatened with foreclosure, and the trend is not expected to let very soon.
The Bible says that "For a lack of vision, the people perish". Likewise, many homeowners are stressed and stunned into passivity and inaction, and are not taking advantage of the opportunity to have their loan situation reviewed by a credible, non-profit resource to see whether any of the stop-gap measures of the Economic Stimulus package that the president has put into place can assist them in some way.
I have been very vocal about my feelings that the president did too little too late, having preferred to continue an almost maniacal focus on "Bush's Folly", the Iraq War. However, when a person is drowning, any viable lifeline at all should be investigated. It's a matter of life or death. In the case of those whose mortgages are about to reset, have already reset, or are facing iminent foreclosure due to inability to pay, the only bad action to take is no action at all.
I urge any homeowner that is already, or thinks they may soon be in mortgage repayment difficulty to call the counseling service that has been established within the Economic Stimulus package, "HOPE NOW", at 1-888-995-HOPE (4673). You can check their website www.hopenow.com to see the more than 25 lenders who are voluntarily participating with the program, but even if you don't see your lender there, CALL ANYWAY!! There are too many scenarios to cover in this blog, but the counselors are trained to determine your situation and fully equipped to advise you regarding what options might be available to you.
Don't let a lack of vision cause you to perish by losing your home and having your credit history ruined.
Act Now -- CONTACT HOPE NOW TODAY! Time is of the Essence!!!