Facing Foreclosure: Knowledge is Power

If you or anyone you know is facing foreclosure on a Sylmar home or home in another area, please visit the following websites to learn more about the various government programs that are available to help Sylmar residents and others:

The U.S. Department of Housing and Urban Development has a Guide to Avoiding Foreclosure website:

The HOPE NOW Alliance and the Homeowner’s HOPE Hotline (1-888-995-HOPE) are excellent sources of information.

The Federal Housing Administration (FHA) of the U.S. Department of Housing and Urban Development has a list of lenders who are voluntarily participating in the HOPE for Homeowners program. The list is updated every Friday.  It is critical for homeowners in danger of foreclosure to contact their own lender first to see if a financing workout is possible. The servicing lenders on the FHA list may offer different solutions.

If you are facing foreclosure, you must be proactive and not wait for the bank to call you. Take action and take advantage of all the programs now available for Sylmar homeowners and homeowners throughout the United States.

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Filed under Foreclosure Info, real estate, Sylmar

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