Texas one of six states with highest amount of foreclosures.

Phones Ringing at Foreclosure Prevention Hotline

The Homeownership Preservation Foundation's 888-995-HOPE national foreclosure prevention hotline has recieed nearly 6,500 calls received since its inception in February.

The organization is collaborating with NeighborWorks America to promote the hotline and to persuade cash-strapped homeowners to call before it is too late.

"People would call when they were 120 days late, and the difference in the types of things you can do when somebody thinks they may miss a payment or have already missed one is huge," explains Foundation spokeswoman Lauren Crandall.

According to Foreclosures.com, Georgia, Indiana, Colorado, Michigan, Texas, and Ohio have the highest foreclosure rates in the country.

The Foundation's program is backed by such lenders as Bank of America, Countrywide Home Loans, and Washington Mutual.

Source: Inman News (08/01/06)