Current studies show that thirteen percent of homeowners with a mortgage are in foreclosure. Statistically speaking, that's a small amount-until you consider the thousands of Americans currently carrying the mortgage and the fact that every foreclosure means another U.S. family is going to be left homeless. HOPE for Homeowners and the recently signed Helping Families Save Their Homes Act go a long way toward helping homeowners find options other than foreclosure, but they can't do everything.
1st Foreclosure Prevention is here to help.
Good Morning America recently spotlighted the current financial crisis and the inefficiency of government acts to stem the flood of foreclosure in this country. Statistics show that approximately three to four million people applied for the HOPE for Homeowners Program. Of these, only 235,000 are currently participating in trial programs. That's less than 6% of the total applicants.
Out of those 235,000, 65% needed third party assistance with the application process and 35% of those that didn't needed a third party in the beginning ended up contacting one toward the end to stop the foreclosure they couldn't stop on their own. That's 82.5% of program participants that needed third party assistance to receive the government assistance they needed to pull their mortgage out of foreclosure.
"Consumer advocacy groups are now saying that the process for a modification and foreclosure help is so complicated for homeowners and the banks, lenders and servicers have made homeowners so wary of using third parties for help that more people than ever are facing losing their homes," state 1st Foreclosure Prevention media representatives. "They are now urging people to use third parties to help them with the process."
1st Foreclosure Prevention specializes in helping homeowners apply for and receive government assistance, as well as providing top foreclosure prevention services for anyone who doesn't qualify for the program.
"We are your one stop shop for all your foreclosure help needs," say 1st Foreclosure Prevention executives."
For over a decade 1st Foreclosure Prevention has been helping residential and commercial real estate owners stop foreclosure. The company operates in all fifty states, providing a free, personalized foreclosure evaluation done by their team of attorneys, certified loss mitigation specialists, expert negotiators and real estate professionals who specialize in short sales, loan modification and stopping foreclosure in its tracks.
1st Foreclosure Prevention gives homeowners all their options, not just the one that's going to cost them the most.
"Our mission at 1st Foreclosure Prevention is to stop foreclosure and the devastating impact that foreclosure can have on you. We are dedicated to working with both you and your lender to come up with a solution to stop foreclosure to satisfy the interests of both parties," state 1st Foreclosure Prevention representatives.
For more information and a free evaluation on Hope for Homeowners, Loan Modifications, Making Home Affordable and stopping foreclosure with 1st Foreclosure Prevention, visit www.1stforeclosureprevention.com or call (866) 477-7050.
