Department of Housing and Urban Development (HUD)
The Department of Housing and Urban Development/Federal Housing Administration, the Department of Veterans Affairs, the Department of Labor and the mortgage industry have worked together to produce important basic information - - and key links to local groups and organizations - - that can help you get through difficult times without losing your home.
HUD HelpLocal Investment Commission (LINC)LINC, with assistance from NeighborWorks and MARC, has created a local web site with information and resources for homeowners facing foreclosure. Its main feature is a listing of locally authorized housing counseling organizations. It is recommended that you post this link on your web site where homeowners can use it.
KC Foreclosure Help The Homeownership Preservation Foundation (HPF)
HPF operates a national foreclosure hotline staffed by trained counselors who can help borrowers assess their situation, set up a mortgage repayment plan and get back on track financially. The service is free and is available in both English and Spanish, 24 hours a day, seven days a week. In addition, callers to
888-995-HOPE can be referred to local nonprofit resources that provide other forms of assistance or additional face-to-face counseling.
HPF Resource InformationHOPE NOW Alliance
This national partnership includes over 25 lenders, loans servicers and counseling organizations dedicated to preserving homeownership and minimizing foreclosures. The
HOPE NOW lender members have agreed to a
uniform set of procedures and guidelines designed to increase outreach to troubled borrowers and reduce foreclosures.
HOPE NOW has partnered with NeighborWorks America to conduct homeowner workshops in cities across the U.S.
- The HOPE workshops provide opportunities for borrowers to meet face-to-face with their lender and local nonprofit housing counselors to develop a workout solution that help the borrower stay in their home.
- Extensive marketing and media precedes the workshops and any homeowner facing difficulty or anticipating trouble with mortgage payments is invited to attend.
- Participating lenders and servicers mail invitations to their delinquent borrowers in the area.
Communities that are not on scheduled stops for the HOPE NOW tour can set up their own borrower workshops or default clinics by contacting area loan servicers and nonprofit housing counselors and discussing their willingness to participate in such a program. These mortgage market participants can often communicate with additional lenders and counselors so that a critical mass of industry representatives is available at the event.
HOPE NOW Alliance websiteForeclosures in Your Community Realty Trac, a company that tracks foreclosures, has two web sites that tracks several categories of properties that are in foreclosure including bank owned, government owned, in auction, and preforclosure. There is a monthly subscription fee for for exact addresses, but you can find out about foreclosures down to the street level with maps and lists. Use the zip code not city.
Realty Trac or
Foreclosure Pulse Federal Reserve Bank ResourcesThe Federal Reserve Bank of Kansas City along with FDIC, MARC, LINC and NeighborWorks sponsored a forum for local governments. Much of the information from this event is available on the
Federal Reserve Bank's Foreclosure Web site. Additional resources for local governments include the
National Vacant Property Campaign and the
U.S. Conference of Mayors report on foreclosure.
