Help with foreclosure
So far the government has come up with three plans to help homeowners who need help with foreclosure: Hope Now, Project Lifeline and higher loan limits. The HOPE Now initiative provides a toll-free phone number that homeowners can call to get help.
Project Lifeline automatically gives an additional 90 days to homeowners already 90 days or more late on their mortgage. In addition, the loan limits were raised for FHA, Fannie Mae and Freddie Mac. Click on the links below to find out more about the government's attempt at providing help with a foreclosure.
Click here to read the government's fact sheet about these initiatives.
Click here for an explanation of these initiatives.
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