If you are at-risk of foreclosure and need help, communication is key. Here are two numbers you can call for assistance. And, as always, you can contact any of my offices for additional help.

Consumer Credit Counseling Service
1-702-364-0344

Consumer Credit Counseling Service is the nation’s oldest consumer credit counseling organization. The agency helps consumers learn to manage their finances, balance their budgets and get out of debt. Their services are confidential and counselors are available in person, over the telephone, or via the internet.

Addtional Hotline Numbers

888-995-HOPE is available:

• To any homeowner in America having trouble paying their mortgage
  
  
• Any time--24/7

888-995-HOPE offers:

• Absolutely free foreclosure prevention counseling by expert counselors at HUD-approved agencies.

When a constituent calls 888-995-HOPE:

• Service begins immediately—the counselors themselves answer the phone
  
  
• Homeowners can get budgeting help, a written financial plan, assistance contacting their lender
  
  
• If they'd like face-to-face counseling, they are referred to their local NeighborWorks® agency or other counseling agencies
  
  
• If they need additional services, they are referred to agencies in their area.

The details:

888-995-HOPE is provided free of charge by the Homeownership Preservation Foundation, a nonprofit dedicated to preserving homeownership. The Foundation partners with local governments, nonprofits, borrowers, and mortgage lenders/servicers to deliver innovative homeownership preservation opportunities.

In 2006, over 40,000 homeowners sought help through our counseling. Nearly half have avoided foreclosure by working out new loan terms or by selling their home. Currently call volume is increasing by 25% every 6-8 weeks. Callers tend to be female, married, with children, mid to lower income.

In-person counseling is provided by NeighborWorks® organizations, located around the country in all 50 states, Puerto Rico and the District of Columbia. NeighborWorks® organizations are chartered by NeighborWorks® America, a national nonprofit created by Congress to provide financial support, technical assistance, and training for community-based revitalization efforts.

If you need more information:

• About 888-995-HOPE: info@995HOPE.org (For more information click here)
  
  
• About in-person counseling: foreclosuresolutions@nw.org (For more information click here)
  
  
• HUD Approved Housing Counseling Agencies (link)

Most Frequently Asked Questions About Foreclosures:

I am deeply concerned about the effects that widespread foreclosures have had on Nevadans and the national economy. I have worked hard to keep this problem from growing as it has. In 2007 my colleagues and I allocated up to $50 million for housing counseling in the FY 2008 appropriations bill.

During summer of 2008, I was pleased that Congress worked in a bipartisan fashion to pass the Housing and Economic Recovery Act of 2008 (P.L. 110-289), which provides additional pre-foreclosure counseling and improves disclosure within the mortgage process. For our dedicated military families, this bill extends the moratorium on foreclosure proceedings from three to nine months and provides one year of relief from increases in mortgage-interest rates from the date of a service member’s return from duty. The housing bill also authorized the HOPE for Homeowners (H4H) program to help distressed homeowners refinance into a mortgage they can afford.

Most recently, Congress passed the Emergency Economic Stabilization Act of 2008. This measure expanded the eligibility requirements for the H4H program.

The housing crisis is at the core of the financial crisis and I remain committed to working on ways to stabilize the housing market and bring relief to deserving families. For answers to some of the most frequently asked questions about the foreclosures and the federal government’s response to the housing crisis please click here.