Foreclosure Prevention

Are you having difficulty making your mortgage payment on time?

Have your mortgage payments increased due to an interest rate adjustment?

Do you think you were a victim of a predatory loan?

Have you made a late mortgage payment within the past six months?

If your answer is "yes" to any of these questions, HomeFree-USA can help you to identify financial options, lender services and solutions for you.

For help now, take one of the following actions. 

• Submit a request for foreclosure prevention assistance - Metro DC 
• Submit a request for foreclosure prevention assistance - Kansas City
• Submit a request for foreclosure prevention assistance - Florida
• Submit a request for foreclosure prevention assistance - All Others
• Call 1 (866) 696-2329 for immediate help

Take action now!     Don't delay!      There is help for you!

HUD Foreclosure Prevention Tips

Homeowners are faced with unique circumstances given our financial crisis. Many are facing situations that they could have never imagined. HUD has provided some tips to help homeowners maintain despite our economy. To view these tips, click here...

How to Avoid Foreclosure Scams

Amid disaster, there always seems to be someone who will take advantage of other people’s misery. In the aftermath of hurricanes, it may be conmen who charge thousands of dollars for desperately needed generators, or who take upfront fees to repair wrecked homes, only to disappear. The same type of vicious scamming is taking place in the ongoing disaster known as the foreclosure crisis. Companies are charging big fees—often several thousand dollars—to “help” people avoid foreclosure, only to run off with the money or do no real work.

HomeFree-USA is passionate about this issue because we provide real “foreclosure intervention” at no cost to the homeowner. We are able to do this because we are a nonprofit that receives funding from the federal government and corporate donations, with a well-trained staff and a long history of successful loan modifications. We have formed a network of like-minded, qualified nonprofits around the country dedicated to one purpose—helping people keep their homes.

Here’s how to protect yourself from foreclosure scams—

• Be extremely cautious of any company that charges a fee to help you with foreclosure. Never:
• Pay a complete fee upfront
• Send your mortgage payments (full or partial) to the company instead of your lender
• Believe a company if it says it can fix every foreclosure case
• Believe a company with an “official sounding” name is part of the federal government or sanctioned by the government

Not every company that charges a fee to help with foreclosures is criminal, but this has been a scenario for many scam artists to compound the misfortune of families facing foreclosure. Your safest bet is to work with a HUD approved housing counseling organization such as HomeFree-USA. Our final advice: don’t wait to seek a solution to foreclosure. Delay only reduces your options and increases your risk of making uninformed choices.

Are you eligible for the Making Home Affordable Plan?

The Obama Administration has introduced a comprehensive Financial Stability Plan to address the key problems at the heart of the current crisis and get our economy back on track. A critical piece of that effort is Making Home Affordable, a plan to stabilize our housing market and help up to 7 to 9 million Americans reduce their monthly mortgage payments to more affordable levels.

The Home Affordable Refinance Program gives up to 4 to 5 million homeowners with loans owned or guaranteed by Fannie Mae or Freddie Mac an opportunity to refinance into more affordable monthly payments. The Home Affordable Modification Program commits $75 billion to keep up to 3 to 4 million Americans in their homes by preventing avoidable foreclosures.

To assess your eligibility, click here...

New Tenant Protection Law

The Helping Families Save Their Homes Act establishes protections for renters living in foreclosed homes. This legislation requires that existing leases for renters are honored except in the case of month-to-month leases or owner occupants foreclosing in which case a minimum of 90 days notice will be required.

Mortgage Bankers Association Creates Borrower's Bill of Rights

Before you begin the mortgage lending process, take a look at the Borrower's Bill of Rights. The Mortgage Bankers Association (MBA) developed these guidelines to clarify just what you have a right to expect from your lender as you go through the lending process. Use these guidelines to help you decide whether you need to ask questions about the information you are given. MBA and its members do not want you to accept a loan that you do not fully understand. In the long run, doing so causes problems for lenders and consumers alike. To read more, click here...