Foreclosures are a very serious problem in our country. This year, an estimated 4 million homes are at imminent risk of foreclosure. The problem is no longer confined to certain populations or neighborhoods, but will affect all of us either directly or indirectly regardless of community, ethnicity, and income level.
In the past, many homeowners in danger of losing their homes to foreclosure would avoid the problem, so they wouldnt have to deal with the embarrassment or stigma of foreclosure. However, with the economic downturn, embarrassment is no longer the biggest barrier that homeowners face clear direction on where to go for help is. The marketplace is cluttered with conflicting messages about what to do and where to go for help, so homeowners are frustrated, confused and vulnerable.
These campaigns encourage homeowners at risk of losing their homes to speak to the right people and call the Homeowners HOPE Hotline at 1-888-995-HOPE or 877-304-9709 with TTY device, where they can receive counseling and foreclosure assistance from a HUD-approved housing counselor, free of charge.