Foreclosure Prevention Programs Columbus OH

Foreclosure prevention efforts are growing as fast as foreclosures. Here's a rundown on some of the programs you may know about and others that haven't gotten as much publicity. Either way, one of them could save your day.

by Broderick Perkins
© 2008 DeadlineNews.Com

Deadline Newsroom - Facing foreclosure?

You are not alone.

According to foreclosure monitor RealtyTrac, 1,769 Santa Clara County households faced some level of foreclosure in March 2008, almost double the 874 households in March 2007.

In California, the state with the nation's second highest foreclosure rate, 64,711 homeowners faced foreclosure, up 106 percent from a year ago.

The good news is that you also are not alone when it comes to the growing number of places you can turn to for help keeping your home.

First, a word of caution. Avoid "foreclosure rescue" operations and solicitors promising to save you from foreclosure. Many are scams operated by frauds looking to cash in on your financial and emotional vulnerability. Stick with your lender and other known and recognized resources in the field of foreclosure prevention.

• Your first source of foreclosure prevention assistance is your lender, provided you don't wait until you get into trouble. The rule of thumb? As soon as you begin to feel the pangs of payment panic, but before you actually miss a payment, call your lender and confess your fear. ...

Click to read this article from Deadline News