Positive Impact of Nonprofit Housing Counseling on Foreclosure Prevention
The number of foreclosure filings has decreased in many areas in the country. Even still, foreclosures are still occuring. Some mortgage lenders may have held off on the filing of a foreclosure so now they seem to be taking more action to begin the foreclosure process with homeowners.
The good news is many of those filings actually will never become a full blown foreclosure, with the homeowner losing the home to the legal foreclosure sale of the home. Despite news reports, homeowners do often find solutions to resolve their mortgage delinquency issues before the house gets sold at a foreclosure auction. Getting advice about your options is critical to making the best decision that you can for your circumstances.