There are many ways that you can find federal foreclosure help, thanks to the variety of government programs focused on helping homeowners that are having very serious financial problems because of the economic downturn that has been getting worse and worse.
The Federal Housing Administration or FHA is in charge of the majority of the programs offering federal foreclosure assistance. If you need foreclosure help, you should contact the Federal Housing Administration today.
Despite the problems caused by our troubled economy, it is possible to find federal foreclosure help if you are having financial problems and are close to losing your home. If you are getting farther and farther behind on your home loan payments, you can go about getting foreclosure help in a variety of different ways.
Communication and avoiding foreclosure
One thing you need to do is to keep talking to your lender about the situation and not ignoring them when the try to contact you to request payment. If you do not talk to the lender, then you are going to be in an even worse situation and may not qualify for federal foreclosure prevention help.
One option for federal foreclosure help is to work with a counselor who works for the Department of Housing and Urban Development or HUD. These counselors are located at branches of the Department of Housing and Urban Development across the country. The counselors can give you practical financial advice and also help you find out how to get federal foreclosure assistance.
The mortgage modification option to avoid foreclosure
A mortgage loan modification or refinancing your home is another way you can take advantage of the available federal foreclosure help. Many different lenders are working directly with the government in an attempt to reduce the number of foreclosures by providing federal foreclosure help including refinancing your loan at a lower interest rate. Your lender may be one of these working with the government which could be very good for you.
If you cannot find any other federal foreclosure relief, then you should consider selling your home to avoid foreclosure. Another option is to see if there are federal government foreclosure help programs that could help you refinance your loan and lower your payments. There are programs available due to the state of the economy.
In our foreclosure resource section we discuss a number of organizations that will help you to fight foreclosure in a practical and sensible manner: Non profit counseling organization, housing agencies, consumer protections organizations, federal foreclosure help, government foreclosure programs and more.