NeighborWorks America housing counseling and foreclosure prevention programs.
Anyone that is struggling with their current mortgage can get help from NeighborWorks America. The national non-profit offers a wide variety of foreclosure prevention services to homeowners who are experiencing problems paying their home loans. Find free foreclosure counseling from Homeownership Centers in your area or over the phone.
The centers offer advice to borrowers that may struggle in the future, and they also help families that have already missed a payment on their home loan. Homeowners can receive foreclosure prevention counseling as a result of the NeighborWorks assistance programs as well as their local partners.
Help offered by NeighborWorks America
The programs available provide families with much needed guidance, information, and assistance with addressing their risk of foreclosures. No applicant will be turned away from the organization. They do their best to help families move toward finding a solution to their financial hardship and stop the foreclosure process, with over 90% of homeowners seeking help will have their foreclosure stopped.
The success is the direct result of the support of the NeighborWorks network, which is a group of over 200 local community development organizations as well as thousands of HUD certified housing counselors. They provide assistance in more than 4,000 cities, suburban areas, as well as rural communities in all 50 states, Puerto Rico, and the District of Columbia.
The network will provide many different resources to struggling homeowners, including mediation, mortgage and housing counseling, and other advice. They spend time with a homeowner reviewing all options that may be available to them. The counselors will also help people find, and apply for, government mortgage relief programs or support from a charity.
The programs from NeighborWorks are very effective. Multiple studies show that over 90 percent of homeowners who are receiving foreclosure counseling from NeighborWorks America were still in their homes. But the process needs to start as soon as possible. One of the key factors in determining whether a foreclosure will start is if financially distressed homeowners seek counseling services from a professional. Being pro-active in asking for people can often stop a lender from starting the process. It means that everyone should seek advice as soon as possible, and learn how to find a housing counselor.
Homeowners who do go ahead and seeking mortgage assistance from NeighborWorks before they run into trouble, and if they seek help before their home loan is delinquent, these individuals will come out better than those who seek assistance at a later date. According to data from the NeighborWorks America, almost 30 percent of homeowners whose mortgages payments were “only” from three to four months late before seeking a counselor either had a foreclosure started or completed.
Compare that the those who waited even longer before seeking help from NeighborWorks. Over 60 percent of clients whose mortgage was more than four months late before asking for help had a foreclosure started or completed this means that over twice as many people lost their home to a foreclosure if they waited longer before seeking counseling.
Never hesitate to ask for help, as statistics show that the earlier you seek free foreclosure counseling from NeighborWorks, the better chances you have to save your home. Not only may the foreclosure process never even commence, but those who request help from organizations such as NeighborWorks will over be able to keep their home over the long term.
What is NeighborWorks America?
They are a non-profit organization that provides housing assistance and creates opportunities for thousands of people to strengthen their communities. One service provided by their counselors is free foreclosure prevention. They are focused on improving a client’s lives by providing access to shelter and homeownership. They also provide affordable and safe rental housing in many communities across the country.
Since 1990, they have assisted millions of lower to moderate income individuals and families with their housing needs. In addition, NeighborWorks America is the country’s top trainer of affordable housing and community development professionals. Call them at 202-760-4000 for details, or find a local NeighborWorks America office for free foreclosure counseling in your area.
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