Tips From HUD The U.S. Department of Housing and Urban Development has 10 tips for avoiding foreclosure:
- Don't ignore the problem.
- Contact your lender as soon as you realize you have a problem.
- Open and respond to all mail from your lender.
- Know your mortgage rights.
- Understand foreclosure prevention options.
- Contact a HUD-approved housing counselor.
- Prioritize your spending.
- Use your assets.
- Avoid foreclosure prevention companies.
- Don't lose your house to foreclosure recovery scams.
Where To Get Help
Here are links to private and government Web sites that can provide information about alternatives to foreclosure.
Homeownership Preservation Foundation: (888) 995-4673 [http://www.995hope.org]
The National Fair Housing Alliance: (202) 898-1661 [http://www.nationalfairhousing.org]
Coalition for Nonprofit Housing and Economic Development: (202) 745-0902
Neighbor Works America: (202) 220-2300 [http://www.nw.org]
Center for Responsible Lending: (202) 349-1868 [http://www.responsiblelending.org]
Homefree Funding: (866) 696-2329 [http://www.homefreeusa.org]
U.S. Government Sites
Homeowner Affordability and Stability Plan
Department of Housing and Urban Development
HUD Housing Counseling
HUD Guide to Avoiding Foreclosure
Fannie Mae: Help for Homeowners
Fannie Mae: News
Fannie Mae: Avoiding Foreclosure Scams
Fannie Mae: Preventing Foreclosure
Freddie Mac: News
Freddie Mac: Avoiding Predatory Lending
Freddie Mac: Preventing Foreclosure