|foreclosure prevention: overview » counseling, mediation and legal assistance|
|Click on the options below to learn more about third-party interventions:|
Information and Counseling
Strategies that provide immediate foreclosure prevention assistance include 24-hour hotlines and expanded outreach by reliable non-profit assistance organizations.
Mediation provides a venue for lenders and borrowers to negotiate alternatives to foreclosure that can benefit both parties.
Legal assistance can be a critical resource to help families stay in their homes and prevent financial losses by negotiating alternatives to foreclosure.
|You are currently reading:|
Counseling, Mediation and Legal Assistance
Other pages in this section:
By connecting families with low-cost refinance loans, second mortgages, and emergency loans, state or local housing finance agencies can help homeowners avoid foreclosure and stay in their home at a monthly mortgage payment that they can afford.
Extending the Foreclosure Timeline
Extending the process of home foreclosure through a temporary moratorium on foreclosure or by increasing the notice period required before a foreclosure may take place may allow homeowners additional time to reduce the financial damage of foreclosure.
Reduce the Risk of Foreclosures in the Future
Foreclosure risks are often identifiable and preventable many years in advance. Governments can counter these risks through targeted outreach, regulations to prohibit the riskiest loans, and enhanced consumer awareness to help families make better mortgage decisions.
Click here for more resources on preventing foreclosure.