I just came accross this on HUD's website. We are all well aware of what's happening in the current real estate market. Every forclosure effects the real estate market and is pushing home prices down. This resource that could benefit someone you know and perhaps help someone save their home.
In light of the economic conditions, including declining home values and the increase of resetting mortgage rates, many Americans are facing significant challenges that are attributing to the alarming rate of foreclosures. HUD-approved Housing Counseling Agencies can help homeowners navigate their financial challenges.
If you are...
- Concerned you may lose your job,
- Having trouble balancing your family budget,
- Worried about your mortgage interest rate resetting,
- or need someone to talk to regarding your mortgage
contact one of the HUD-approved Housing Counseling Agencies.
|Call (877) HUD-1515 (1-877-483-1515) or|
|Search for a Counseling Agency in your area|
"Keep Your Home. Know Your Loan Toolkit"
HUD is urging community, cultural, faith-based and political advocates to become involved in the campaign. In addition, HUD is seeking homeowner associations, real estate brokers and other members of industry to take an active role.
Target cities: Six cities were chosen for the launching of the campaign which are New York, Miami, Chicago, Detroit, Los Angeles, and Phoenix.