As a REALTOR®, it's important to be knowledgeable about the challenges homeowners face with foreclosures. PAR encourages you to share the following resources with your clients and your community.

 

 

  

The Federal Reserve Banks have established Foreclosure Resource Centers to help address local and regional challenges in their mortgage markets and local communities.  In addition, they have dynamic maps and data that illustrate subprime and alt-A mortgage loan conditions across the United States.  The Federal Reserve of Philadelphia has developed a toolkit to assist communities in addressing the current turmoil in the housing market and minimize the impact of foreclosures on neighborhoods. Web links and local resources are included. 

 

 

This website offers resources intended to help states and localities respond to the foreclosure crisis.  It includes a Q&A on foreclosure prevention, a policy guide, and customized maps and data for your community. The site is maintained by the Center for Housing Policy, KnowledgePlex, Local Initiatives Support Corporation (LISC), and the Urban Institute.

 

  

Provides free foreclosure prevention counseling by expert counselors at HUD-approved agencies. A toll-free hotline 888-995-HOPE is available 24 hours a day, 7 days a week.

 

 

PHFA has established the Foreclosure Mitigation Counseling Initiative to help interested homeowners save their homes. Twenty-eight counseling agencies in the PHFA Comprehensive Housing Counseling network are participating in this program.

 

 

HOPE NOW is an alliance between HUD-approved counseling agents, mortgage companies, investors and other mortgage market participants that provides free foreclosure prevention assistance.