Tip of the Day: How to Fight Home Foreclosure
If your mortgage bills are piling up but your income is still holding steady, you might be able to stave off home foreclosure
. Make sure that if you are failing to make payments on your mortgage that you do not fall victim to a mortgage fraud
. If you have been served with a notice of default and are still in the pre-foreclosure period, your state may allow you to seek further financing, pay off your debts, and keep your property.
The Emergency Economic Stabilization Act of 2008 has enabled the Department of Housing and Urban Development to offer new loans to struggling homeowners.
The Hope for Homeowners Program funds FHA mortgages with relaxed guidelines to owner-occupants. A real estate lawyer or foreclosure attorney can further advise you on options for refinancing in your state.