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
Washington, DC Office 2230 Rayburn House Office Bldg Washington, D.C. 20515 T (202) 225-5037
