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)
posted by Rob Hernandez @ 9:36 AM
1 Comments:
Thank you for such a great and resourceful website. For us it is too late, but thanks to you now have a one stop place I can tell others about.
We got behind first of the year due to insurance co pay changes, and my high medical bills. I called a hud approved counselor right away, and thought we had worked out a plan with mortgage company.
they returned our check, filled foreclosure, and at that point I paid 1000 dollars to mediation firm.
again, mortgage company strung us along for several months.
our court date for final foreclosure is Oct.
very sad what is happening in this country today. sub prime lenders, medical expenses, unstable job markets.
for those of us who lost our battle to keep our homes:
you are unable to find affordable
rentals due to the foreclosure.
can not buy another home.
and many of us are now living with our children, or worse--homeless.
not because we do not have income, but because of the foreclosure on our credit.
thank goodness we have a great tent.
annie
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