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The Greater Houston Foreclosure Prevention Taskforce is holding
a Help For Homeowners Community Event:

Friday, November 4, 2011

11:00 AM - 7:30 PM
Hilton of the Americas
1600 Lamar Street
Houston, Texas
 

ALL SERVICES ARE FREE OF CHARGE
for more information, please visit:  http://texasforeclosurehelp.org/houston/

FORECLOSURE PREVENTION SERVICES   

NACA, Neighborhood Assistance Corporation of America assist homeowners to restructure mortgages to an affordable payment.   All services are free. For more information, visit their website at www.nacalynx.com.

Emergency Homeowners' Loan Program (EHLP):
The EHLP was created to provided emergency mortgage assistance
to homeowners who are temporarily and involuntarily unemployed or underemployed due to the economy or a medical condition and are
at risk of foreclosure.  The EHLP can provide eligible homeowners
with a 0% interest, forgivable loan that pays past due mortgage payments (principal, interest, taxes, insurance, attorney fees) as well as a portion of the homeowner's mortgage payment for up to 24 consecutive months, or up to $50,000. For more information, go to www.findehlp.org or call 855-346-3345.  DEADLINE TO APPLY IS Wednesday, September 15, 2011.

Frequently Asked Questions About Foreclosure

DON'T DELAY.  Time is of the essence.  Do not wait until you
are several payments past due before seeking help.  Statistics
show that those who seek help before they are 90 days past due
on a mortgage payment have a 75% chance of saving their home. 

If you feel like you may be in danger of facing foreclosure, a solution may be found by calling 888-995-HOPE.  The Homeowner's Hope Hotline provides counseling services that can guide you through the process of saving your home. 

Remember, you are not alone.  Millions of people across the United States are having trouble with their mortgage.  Get help now!  Call 888-995-Hope or go to Hope Now.

The Federal Reserve Bank of Dallas has an information clearinghouse which provides valuable information on avoiding foreclosure: 

Foreclosure Resource Center

WHETHER YOU ARE IN FORECLOSURE or worried about it in the future, information
is available to help you at http://www.hud.gov/foreclosure/

HELP FOR HOMEOWNERS FACING THE LOSS OF THEIR HOME 
For the majority of families, a home is the most significant
investment made, and a source of pride.  The loss of a home
due to unexpected events such as unemployment, change in
income, divorce or illness can be financially and personally
devastating.  If your family is facing any of these changes
and cannot pay the bills, now is the time to look closely
at what you owe and what you earn, eliminating unnecessary spending and reaching
out for help if you still cannot meet your financial obligations.  Taking action
can help you protect your family from the loss of your home. 

Steps to Take When You May Be Unable to Pay Your Mortgage

Contact Your Lender NOW!
Talk to a Housing Counseling Agency
Prioritize Your Debts
Explore Loan Workout Solutions
Are You Eligible for Disaster Relief/Military Options?
Beware of Predatory Lending Schemes
Try Other Resources

For additional information:  http://www.hud.gov/offices/hsg/sfh/econ/econ.cfm#1

Foreclosure News and Reports: 
http://texasforeclosurehelp.org/foreclosure-news-and-reports/

Credit Counselors
 

CALL NOW

1.888.995 HOPE (4673)
free and available at your convenience

The Hope Now counselors are certified by the U.S. Department
of Housing and Urban Development (HUD) and their services are
free of charge.  These counselors will listen to your situation,
identify your options and assist you in working with your servicer
to avoid foreclosure.  If you do not know who your servicer is, please
go to http://www.mersinc.org/homeowners/index.aspx to
indentify the your mortgage company.  To find a HUD
certified counselor in your area, visit HUD and click on your
state under "local information". 

FHA Secure:  This is a new refinancing option which gives credit-worthy (not necessarily good credit) homeowners, who were making timely mortgage payments before their loans reset, but are now in default, a second change with an FHA insured loan product. 
For more information:  http://www.homemortgagematch.com/

Refinance today with an FHA loan you can afford:  http://www.fha.com/

LEARN ABOUT THE MAKING HOME AFFORDABLE REFINANCE AND MODIFICATIONS OPTIONS 

This plan was created to help homeowners refinance or modify their mortgages.  Help may be available for you.  Learn about the Making Home Affordable Refinance and Modification Options.

 

 

For borrowers who do not know the identity of their mortgage lender, Fannie Mae has a tool that assist you in identifying if Fannie Mae is the investor on your loan.  For additional details on the Loan Lookup Tool, please review the Frequently Asked
Questions for lenders on FannieMae. 

 

Worried about foreclosure?                                              
Learn what Freddie Mac is doing to assist homeowners.

 

[Photo: Avoid Foreclosure]The U.S. Department of Housing and Urban Development's
Guide to Avoiding Foreclosure

Keep your home:  Get help now!

 

 

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