How To Avoid Foreclosure
The article below has some interesting statistics on how you are more likely to hold onto your home if you use a housing counselor. I would be lying to you if I told you this is true because I don’t know much about it. It does however make sense and I would certainly try it if you are facing foreclosure. “Borrowers facing foreclosure are 60% more likely to hold onto their homes if they receive counseling, according to the Urban Institute’s findings. Also, these borrowers received loan modifications with average monthly payments $454 lower than those who did not see counselors.”
To find one I would go to this site http://portal.hud.gov/portal/page/portal/HUD/i_want_to/talk_to_a_housing_counselor
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