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Foreclosure Help Frauds Article
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Government Help to Stop Foreclosures
from:Many advocates reason the there needs to be an increase in government help to stop foreclosures. With the recent increase in foreclosure rates, many politicians are pushing for government “bail out” for the institutions that offered subprime mortgages. What the average consumer doesn’t realize is that there are many government, state and federal, that are already in place to help stop foreclosure. When looking for information on government help to stop foreclosures, the internet is a great place to look.
The HUD (US Department of Housing and Urban Development) has many programs in place to offer government help to stop foreclosures. The HUD web site offers many tips and suggestions for home owners that find themselves in financial difficulty and impending foreclosure. The most important step is to have open communication with your lender. The federal government has incentive programs in place for the lender to help avoid foreclosure. There is significant assistance available for those that communicate with their lender early in the foreclosure process. HUD also has approved foreclosure counselors that will offer individualized help.
A recent collaboration of HUD/Federal Housing Administration, the Department of Veteran Affairs, the Department of Labor and mortgage lenders has provided valuable information regarding government help to stop foreclosures. If you are facing financial difficulties due to job loss, military service, or natural disasters, there are many programs providing government help to stop foreclosures. Contacting any one of these agencies is an important step in gathering information to help you keep your home.
Victims of a natural disaster have special government help to stop foreclosure that has been made available through the national government. If you were a victim of a national tragedy, like the attacks of September 11, 2001, there may still be help available through the disaster relief plans that the federal government has in place. Military families that are suffering financial hardship due to deployment or disabilities caused during active duty also qualify for special programs to help them keep their homes.
The most important step when looking for government help to stop foreclosures is to contact your lender. Lenders will have the most up to date information on what government programs are available and can tell you if you qualify for any of them. Lenders have workout options that help you keep your home. These options will work best if you are only 1-2 payments behind, so contact your lender early. The farther behind you get, the fewer options there are to deal with. Government help to stop foreclosures is available; you just have to act early to be able to benefit from most of these options.
Foreclosure Help Frauds Specific links
Foreclosure Help Frauds News
Lawmakers gave millions from mortgage settlement to local governments - Daily Press
Lawmakers gave millions from mortgage settlement to local governments Daily Press Virginia received $66.5 million as part of a national $25 billion settlement with five large banks for foreclosure fraud. Direct payments to states were intended to protect consumers and assist state foreclosure prevention efforts, but in many cases ... |
Plan for foreclosure mediation money nears approval - Statesman Journal
Plan for foreclosure mediation money nears approval Statesman Journal The money would go toward starting the new mediation program and monitoring and enforcing foreclosure fraud. The amount is about $1.4 million less than what the Department of Justice and Oregon Housing and Community Services requested for the remainder ... |
Lawyers Prey on Foreclosure-Facing Homeowners in San Fernando Valley and Beyond - LoanSafe
Lawyers Prey on Foreclosure-Facing Homeowners in San Fernando Valley and Beyond LoanSafe Suspecting fraud, the Van Nuys resident hired a lawyer to sort things out. The attorney told her there was indeed fraud, and promised to sue the bank and get her a new loan. She paid him $8000 upfront and he advised her to stop making her mortgage ... |
Lawyers prey on foreclosure-facing homeowners in San Fernando Valley and beyond - Pasadena Star-News
Lawyers prey on foreclosure-facing homeowners in San Fernando Valley and beyond Pasadena Star-News Suspecting fraud, the Van Nuys resident hired a lawyer to sort things out. The attorney told her there was indeed fraud, and promised to sue the bank and get her a new loan. She paid him $8000 upfront and he advised her to stop making her mortgage ... |
Man gets 13 years for posing as his dead mother - The Seattle Times
 Belfast Telegraph | Man gets 13 years for posing as his dead mother The Seattle Times But the video that was supposed to help Thomas Parkin prove his elderly mother was alive only sent a jury into giggles. Now Parkin faces at least 13 years in prison for donning the strange disguise in a scheme to reap his dead mom's money. Brooklyn Man Sentenced in Fraud; Dressed as Dead Mom NY man who dressed as dead mom sentenced for fraud NY man sentenced in fraud; dressed as dead mother |