Center for American Progress calls for Foreclosure Help

With concern building over troubles in the mortgage industry, a liberal think tank on Monday said the federal government should take new steps to protect low-income homeowners at risk of foreclosing.

The Center for American Progress said the government should consider grants to expand mortgage aid and foreclosure prevention programs for families falling behind on their monthly payments. Up to 2.2 million families around the country could lose their homes to foreclosure in the coming years, according to a 2006 report by the Durham, N.C-based Center for Responsible Lending.

This is an interesting idea, and more can be read about it by clicking here.

Need to Stop Foreclosure?

A good article in by Kathleen Pender of the San Francisco Chronicle, who gives some good advice about how you can help stop foreclosure on your home.

Foreclosures strike Brevard County, Florida

A wave of home mortgage foreclosures is sweeping across Brevard County -- signaling a disastrous end to the local housing boom for those who could lose their homes.

To read about the problems homeowners are facing in Brevard County, and how more residents are trying to stop foreclosure, you can click here.

Act fast if behind on mortgage

If you're behind on your mortgage payment, a recent article in the San Francisco Chronicle urges you to "act fast" and address the issue.

Refinancing getting more difficult

If you need to refinance in order to stop foreclosure, you might be in trouble: it's getting much more difficult. With all of the bad numbers from subprime lenders coming out, underwriting guidelines are becoming much more strict.

USA Today had a great article on homeowners who are finding it difficult to refinance to try and stop foreclosure on their homes. You can read the entire article here.

If you are in need of assistance with your house payments, and want to understand all of your options (not just refinancing), please visit us at www.SaveMeFromForeclosure.com

More Foreclosure scams

Here is an article about some of the more popular foreclosure scams originating out of New Jersey. These scams are actually new to me, so I hope that you have a chance to read about them and not fall victim to unethical companies.

Options to stop foreclosure? Give the house back to the bank

Michigan has been hit hard recently with a large number of foreclosures. For many people who want to stop foreclosure, they are finding it very difficult to sell their home fast enough.

One option is a deed in lieu of foreclosure. To learn about how this may help you if you are trying to stop foreclosure, click here for the article.

Freddie Mac to toughen mortgage standards

If you've had trouble paying your bills lately and want to buy a home, or recently bought one with an adjustable-rate mortgage, pay attention: Lenders are making it harder for people with weak credit histories to qualify for a home loan or refinance an existing one.

This could mean that if you're looking to refinance so that you can stop foreclosure on your home, you're going to find it more difficult than in the past.

To get an idea of what Freddie Mac's plans are, click here to read the article from the USA Today.