Welcome to Foreclosure Help Guide
Countrywide Mortgage Help With Foreclosure Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Dayton, OH Foreclosure Help
from:Foreclosures statistics have been going up for the past year. Many experts attribute the increase to predatory lending. Anyone that feels that they have been a victim of this predatory style of lending needs to contact various organizations, both local and national, for assistance. The state of Ohio leads the nation in foreclosures. There is an increased need for foreclosure help in Dayton, OH, Montgomery County. For areas like Dayton, OH, the effects of foreclosures have been profound. Dayton was ranked 16th out of the top 100 metropolitan cities for home foreclosures in the beginning of 2007. Montgomery County Clerk of Courts reports that 45% of all court cases that were filed that year were home foreclosures. Most of these cases could have been avoided if people would have contacted their lender when they first started to miss their payments.
Foreclosure help in Dayton, OH is available through a collaboration of nonprofit organizations, government and financial institutions. This collaboration was formed in the effort to provide foreclosure help in Dayton, OH to families at risk before it is too late. United Way’s Help Link 2-1-1 is one of the nonprofit organizations that is providing foreclosure help in Dayton, OH. They have trained staff that will assist each resident and make referrals to the appropriate institutions to get that help. Grace Lutheran Services has a consumer credit counseling service that offers mortgage assistance and debt counseling.
If you are looking for an organization that offers foreclosure help in Dayton, OH when predatory lending is suspected, Miami Valley Fair Housing may be able to help. This organization offers assistance by reviewing mortgage loans for foreclosure defenses. Another organization that helps victims of predatory lending is the Community Reinvestment Institute Alumni Association. They also offer training that helps buyers recognize predatory lending before they become a victim.
The first step that people facing foreclosure need to take is to talk with their lender. Research shows that 75% of home owners with delinquent mortgages were contacted by their lender, but never responded. Most people are not aware that their lender will assist them in avoiding foreclosure. The lenders have as much at stake as the owners. On average, lenders lose between fifty to sixty thousand dollars every time a mortgage goes into foreclosure. Then they are left with a house to sell. Lenders are in the business of mortgage lending, not home ownership or selling houses. Lenders have programs available to help home owners avoid foreclosure. They just need to be contacted early on in the foreclosure process. The further behind in payments the home owner gets, the less assistance is available.
Countrywide Mortgage Help With Foreclosure News
Florida foreclosure case could slam banks
NEW YORK (Reuters) - The Florida Supreme Court is set to hear oral arguments Thursday in a lawsuit that could undo hundreds of thousands of foreclosures and open up banks to severe financial liabilities in the state where they face the bulk of their foreclosure-fraud litigation. The court is deciding whether banks who used fraudulent documents to file foreclosure lawsuits can dismiss the cases ...
Read more...BofA hiking relocation aid for troubled homeowners
(Reuters) - Bank of America Corp said on Tuesday it had launched a nationwide program that offers increased relocation payments to delinquent mortgage customers who complete qualifying short sales. The second-largest U.S. bank said the program, tested in Florida last year, offers payments of between $2,500 and $30,000 to help homeowners move out of their homes. A short sale is when a lender ...
Read more...Mortgage Meltdown: BOA vs. HOA
From busting Bank of America to the HOA Hall of Shame, Contact 13 Chief Investigator Darcy Spears has kept Las Vegas' mortgage meltdown in the spotlight for two years now. Tonight, Darcy's got a story of B of A versus HOA with a homeowner caught in the middle.
Read more...Help for military families hit by illegal foreclosures
So far, several hundred military members who lost homes to illegal foreclosure actions by big banks and mortgage servicers have received settlements of $116,785 each for economic loss and emotional distress. They also have been paid any equity lost plus interest.
Read more...BofA boosts relocation payments to short sellers
Bank of America Corp. said on Tuesday it had launched a nationwide program that offers increased relocation payments to delinquent mortgage customers who complete qualifying short sales.
Read more...