HUD-approved housing counseling agencies are available to provide homeowners with the information and assistance they need to avoid foreclosure. As part of President Obama's comprehensive Homeowner Affordability and Stability Plan (HASP), homeowners may be eligible for a special "Making Home Affordable" loan modification or refinance, to reduce the homeowner's monthly payments and help them keep their home.
If you know of a homeowner that might need the Making Home Affordable program, you can use a search tool on HUD's website to find a local counseling agency that will provide the homeowner with free foreclosure prevention services. If the homeowner is eligible for the loan modification or refinance program, the counselor will work with the homeowner to compile an intake package for the homeowner's loan servicer.
Foreclosure prevention counseling services are provided free of charge by nonprofit housing counseling agencies working in partnership with the Federal Government. These agencies are funded, in part, by HUD and NeighborWorks America. There is no need to pay a private company for these services.
You can find an interactive map on HUD's website that will identify local counseling agencies at http://www.hud.gov/offices/hsg/sfh/hcc/fc/.
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