“It is not necessary to pay a third party to arrange for a loan modification or other form of forbearance from your mortgage lender or servicer. You may call your lender directly to ask for a change in your loan terms. Nonprofit housing counseling agencies also offer these and other forms of borrower assistance free of charge. A list of nonprofit housing counseling agencies approved by the United States Department of Housing and Urban Development (HUD) is available from your local HUD office or by visiting www.hud.gov.”

 

                                            This page is updated regularly!!

 

Alternatives to Foreclosure - June 1, 2010


Ten Options for underwater homeowners - April 28, 2010
       From Treasury's Inspector General, see pages 68 - 75 of their April 2010 Quarterly Report to Congress

Credit scores drop after entering trial phase of loan modification  - April 2, 2010

New scam:  Loan foreclosure audit    - March 4, 2010

Scams  and 1-page scam sheet

Making Home Affordable Program (HAMP) for mortgage reduction is only for loans owned or guaranteed by Fannie Mae or Freddie Mac

 Loan Refinance and Modification Chart

Homeowners Beware:  Foreclosure Rescue Scams

Foreclosure Prevention Resources

Mortgage Workout Programs for Homeowners