Foreclosure Prevention – Dollhouse – Making Home Affordable
April 5th, 2010 | by admin |
An estimated 1.8 million families will face foreclosure this year. Not only do foreclosures have a disastrous financial impact on a family, but they also have harsh consequences for entire communities. Just one or two boarded-up homes can send a residential block into a downward spiral, driving down property values and leading to increased crime, rundown schools, and flagging economic growth.
Studies show that roughly 50% of delinquent borrowers avoid contact with their lender hoping the problem will go away. Further, more than 6 in 10 delinquent homeowners are not aware of services that mortgage lenders can offer a person behind in their mortgage.
This campaign will encourage homeowners at risk of losing their homes to call 888-995-HOPE, where they will find quality counseling and financial advice from a trusted, third-party nonprofit on the opportunities available to avoid foreclosure.
http://www.MakingHomeAffordable.gov
Duration : 0:0:32
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