Housing Counselors Waging War Against Foreclosures

by juliaredstone | November 3, 2009 at 03:45 am

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Housing conselors sit every day with people needing help to solve their foreclosure problem on a non-profit basis. Sometimes they just have to say that there is no way, but sometimes they have the right options and help people to explain the lenders that these people need to modify their mortgage.

Most of the borrowers are at a loss how to tackle the impending problem but the housing counselors are there with unsheathed swords waging a war against foreclosures. They have first hand knowledge of the various federal government plans involving $75 billion. The plans are there but the borrowers need to be navigated and for this the counselors, certified by HUD, are there on a non-profit basis.

Faith Schwartz of Hope Now said of the counselors that they “are really on the front lines advocating for the buyers.” She added, “This world has changed. It used to be sub-prime borrowers, and now the problem is an economic problem with delinquencies in prime.