Homeownership Preservation – Avoiding Foreclosure

More and more individuals and families are finding it increasingly difficult to make their mortgage payments. The most unfortunate thing is that many do not realize that they do not have to lose their homes. In many cases, there are programs available that can help homeowners get back on track.

If you are worried about missing a mortgage payment or have already missed a mortgage payment, now is the time to take the first step to prevent the loss of your home. The easiest way to do that is by educating yourself on what options are available to you and your family.

The City of Chino has assembled the following list of resources to assist homeowners in finding the help that they may need to avoid foreclosure.

Homeownership Preservation Foundation (a non-profit, HUD-approved, housing counseling agency)
Website: www.995hope.org
Counseling Hotline – 888-995-HOPE (24 hours/7 days a week)

Tips For Avoiding Foreclosure – U.S. Department of Housing and Urban Development
Website: www.hud.gov/foreclosure

Avoid Foreclosure – Federal Housing Administration (FHA)
Website: www.fha.gov/foreclosure/index.cfm

Early Steps to Prevent Foreclosure – Freddie Mac
Website: www.freddiemac.com/corporate/buyown/english/avoiding_foreclosure/early_steps.html

Avoiding Predatory Lending – California Department of Real Estate
Website: www.dre.ca.gov/mlb_predatory.html

Avoiding Mortgage Fraud – Freddie Mac
Website: www.freddiemac.com/avoidfraud