Foreclosure Rate Rising
According to an article at Fox News, foreclosures went up by 24% in August. A lot of these foreclosures are being blamed on ARMs or adjustable rate mortgages.
If you have had trouble meeting your mortgage payment or if you are facing foreclosure, read the article for helpful tips. Remember, the bank doesn’t want your house, they would much rather work with you than foreclose.
Also included in the article is information on The Homeowners Preservation Society, a non-profit organization established to help homeowners in trouble. They have a hotline number 1-888-995-HOPE (1-888-995-4673) that is available 24 hours a day, 7 days a week. If you are in trouble, contact them early while you still have options.
Free Advice for Homeowners Facing Foreclosure
[...] When a person falls upon financial hard times often through no fault of their own and they are behind on mortgage payments, they may need some financial help to stop foreclosure on their property. Nobody wants the sheriff to deliver a foreclosure notice so there are some things you can do that will help stop the foreclosure. [...]
By How to stop home or beach front foreclosures - Online help for stopping and avoiding foreclosures » Financial Help to Stop Foreclosure on November 26th, 2006 at 8:44 am