HOPE for Homeowners

Many homeowners are facing the difficult challenge of meeting their monthly mortgage payments due to changes in the economy.  But there is HOPE and a wealth of information on how to get help. 

A good place to start is www.makinghomeaffordable.gov where they explain, “The Obama Administration’s Making Home Affordable Program includes opportunities to modify or refinance your mortgage to make your monthly payments more affordable. It also includes the Home Affordable Foreclosure Alternatives Program for homeowners who are interested in a short sale or deed-in-lieu of foreclosure.”  It informs you about potential scams to look out for, and gives you links for more information.

One of the links mentioned is The Homeowners HOPE Hotline, which is 888-995-HOPE (4673) or the internet equivalent, www.995hope.org.  They say, “The Homeowner’s HOPE™ Hotline is a counseling service provided by the Homeownership Preservation Foundation to work with you to find a solution to your problem. The sooner you call, the sooner you can regain your peace of mind. Remember, you’re not alone.

“We can provide counseling to you, free of charge, in 160 languages, 24 hours a day, 7 days a week, 365 days a year. Call the Homeowner’s HOPE Hotline at 888-995-HOPE™.”

Their Resources for Homeowners page has a video that explains the Home Affordable Program in simple terms.  A list of links gives you a number of choices to get more information. And at the top right of their menu bar is a selection of success stories.  Maybe you can be one of them.  The titles of the tales might sound familiar to many of you:

Job loss
Rising rates
Health crisis
Scammed
Circle of Despair
Falling Behind
Having to Move
Is Help Available?
Running out of options
Debt Problems
Giving Up
Last Resort

Don’t wait until it’s too late.  Help is available to make it possible to continue living in your home affordably while you sort out any other financial issues. The main thing to remember is that you are not alone, and that help is available and relief is possible. Doing your research will enable a financial counselor to help you with the rest.