Mortgage Delinquency? Help Is At Hand
Foreclosure has become a national problem now and just about anybody who can find a solution to this problem is encouraged and appreciated. In such an attempt, NeighborWorks America recently announced national honors for three organizations that have developed innovative and cost-effective approaches to preserve homeownership for families in jeopardy of foreclosure.
Montana-based Neighborhood Housing Servicing of Great Falls (NHSGF) got recognition in the “Innovative Outreach” category, for their ‘Who’s Got a Sheriff?’ program. In the state of Montana, the Sheriff’s office serves all foreclosure notices. This way, whenever a foreclosure notice is served to a homeowner, the county Sheriff provides valuable information on NHSGF’s foreclosure prevention services. The Consumer Credit Counseling Services of San Francisco’s Outbound Telephone Counseling program also won accolades. At the time of mortgage delinquency, CCCS doesn’t wait for the family to call, and calls them instead. Dsnews.com reports:
In the “Innovative Partnerships to Prevent Foreclosure” category, the Tippecanoe County HomeOwnership Preservation Initiative (HOPI) in Lafayette, IN was recognized. Lafayette Neighborhood Housing Services (LNHS) and other partners brought foreclosure problems to the attention of municipal officials and leaders through the Tippecanoe County HomeOwnership Preservation Initiative (HOPI). The group studied local causes of foreclosure and defined potential solutions, and a successful partnership between citizens and LNHS yielded positive results for the community.
Read more: NeighborWorks America and MetLife Foundation Recognize Key Foreclosure Prevention Efforts
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September 5th, 2006 at 4:30 pm
How do you know if you’re ready to buy a home?
If you can answer “yes” to most or all of these questions, you are probably in good shape for buying a home:
• Do you have steady income (i.e. a job)? Is this income reliable? Have you been employed on a regular basis for the last two or three years?
• Do you have the ability to pay a mortgage every month, plus the additional costs of maintaining a home?
• Do you have a good record of paying bills?
• Do you have few outstanding long-term debts?
• Do you have money saved for a down payment?
• Have you been pre-qualified by a mortgage bank or broker?
If you are ready to buy, the Real Estate Chamber of Commerce can connect you to a top Realtor in your area free of charge.