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Even if Foreclosure Seems Inevitable, Free and Trustworthy Help is Available

The National Foundation for Credit Counseling Offers Assistance for Homeowners at Risk of Foreclosure

WASHINGTON, May 7, 2013 /PRNewswire/ -- Many homeowners with financial problems, especially those at risk of foreclosure, feel overwhelmed and don't know where to turn for help. Unfortunately, they often become targets to a growing number of individuals who claim they can "rescue" people from their mortgage problems. This often leads to high fees, greater debt, and many times, the eventual loss of the home. The National Foundation for Credit Counseling® (NFCC®) wants homeowners to know that even if foreclosure seems inevitable, help is available, often at little or no cost.

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Homeowners who want to avoid foreclosure, or are concerned about their ability to make their mortgage payments, can receive immediate assistance by finding an NFCC-certified housing specialist. NFCC-certified housing specialists can offer the following kinds of housing counseling:

  • Pre-purchase Counseling: A housing specialist will sit down with you to work through and evaluate the homebuying process, ensure that you understand the mortgage lending process, and the financial commitment you are about to undertake.
  • Foreclosure Prevention: A housing specialist will work with you to examine your financial situation, and offer guidance on how best to avoid default or foreclosure. Working together you will explore different ways to resolve your mortgage situation, and help keep your part of the American dream.
  • Reverse Mortgage: Our certified housing counselors provide seniors with information regarding HECM (home equity conversion mortgage) also referred to as reverse mortgages. Information is presented in one-on-one sessions so that clients receive the information they need to make an informed decision while also avoiding predatory lending practices.

To seek help from an NFCC-certified housing specialist visit www.MortgageHelpNow.org.

For more financial tips, advice, and updates visit NFCC on Facebook at: www.facebook.com/NFCCDebtAdvice

And on Twitter at:  www.twitter.com/NFCCDebtAdvice

The National Foundation for Credit Counseling (NFCC), founded in 1951, is the nation's largest and longest-serving national nonprofit credit counseling organization. The NFCC's mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services. NFCC Members help millions of consumers each year through more than 700 community-based offices nationwide.

SOURCE National Foundation for Credit Counseling (NFCC)

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