Facing Foreclosure - Loss of Home
This week's Homeowner Web Resource is the Help for Homeowners Facing the Loss of Their Home from the U.S Department of Housing and Urban Development (HUD).
This is a great resource that lays out many of the things that homeowners who are facing the loss of their home should do in order to improve their chances of saving their home.
The HUD page lays out many of the reasons why people are facing foreclosure including job loss, reduced work hours or overtime, retirement, Illness, injury, or death of a family member
and divorce or separation.
HUD also suggests that if you are at risk of losing your home you should IMMEDIATELY contact your lender, along with talking to a housing counseling agency, prioritizing your debts and remaining aware of predatory lending schemes.
As this blog grows we will go into greater detail regarding the foreclosure process along with the steps that homeowners should take and be aware of in order to keep their homes.
