In the midst of a devastating foreclosure, you may think that no one can offer help with foreclosure to you. There is home foreclosure help from a variety of different sources.
There are agencies run by the government and agencies that are not affiliated with the government and both will give you foreclosure help without any cost to you.
There are some agencies, though, that are looking to profit from your efforts to find help with foreclosure. You need to be sure you thoroughly check out any agency you are considering working with.
HUD foreclosure help
You can find many options for help in the foreclosure process by going to the HUD (Department of Housing and Urban Development) website. The HUD is a great source of information. HUD offers counseling from experts in the area of foreclosure who can help you figure out where you are and what you can do next to hopefully save your home.
Lawyers help with foreclosure
You can also get foreclosure help from lawyers specializing in stopping a foreclosure process. They will examine your mortgage to determine if the lender preyed on you but that can cost a lot of money.
You should always look for free help with foreclosure first. You are already in a financial bind so you do not want to spend money if you do not have to get home foreclosure help.
Can you expect help with foreclosure from private companies?
As soon as the foreclosure documents are filed, you will experience that several for-profit companies claiming to provide home foreclosure help will hound you. They are not always to be trusted, though, because many of them try to take advantage of homeowners in a bad situation and to profit from your loss.
There is no simple solution for stop foreclosure help so do not believe anyone that says there is. Always read documents very carefully before signing. Do not be afraid to ask a lot of questions and check out a variety of companies before signing up with any one company. You should check all the companies’ reports at the Better Business Bureau.
When to ask home foreclosure help
You can find help with foreclosure but you have to actively seek the help out. You should definitely stay in contact with your lender, as they are the people who can give you the most help in the foreclosure process.
Lenders always lose money in the foreclosure process, as much as $50,000, so they do not want to foreclose on your home if they do not have to. Helping you stay in your home and avoid foreclosure is good for you and good for them.
Start talking to them before you even miss that first payment. They are going to be more likely to help you if you are only a payment or two behind. When you get farther than that behind, you will have a hard time finding help with foreclosure.