Home Forclosure Hotline

 

In recent months, many borrowers are finding themselves unable to meet new monthly payments as adjustable rate mortgages are reset to higher rates. A hotline has been set up that uses HUD-approved counselors to help work with homeowners and their banks for free to try to help them avoid foreclosure.

This toll-free hotline --1- 888-995-HOPE (4673)-- is available to consumers in all 50 States 24 hours a day, seven days a week. It offers counseling for borrowers in need from independent, non-profit counselors approved by the Department of Housing and Urban Development (HUD), who will work with borrowers and their lenders to find solutions for problem mortgage situations.