| If you are in need of assistance to avoid going into | | | | modification or refinance program, to reduce your |
| foreclosure or you are already in foreclosure. You | | | | monthly payments to make your loan more affordable. |
| may not be aware of it! The government has an | | | | Extend the loan terms from a 30 year to a 40 year |
| agency that can assist you by providing Housing And | | | | term, lower your interest rate, and possibly reduce |
| Urban Development (HUD)- approved housing | | | | your loan balance. |
| counseling agencies to provide you with the | | | | The services provided by these counseling centers |
| information and assistance you need to avoid | | | | are non profit agencies that are funded in part by |
| foreclosure. You can go to the HUD website and type | | | | NeighborWorks America, and by HUD. These centers |
| in your state and look for a counseling office in a city | | | | provide free counseling services. There is no charge at |
| near you. These counseling centers can provide you | | | | all for their services. |
| with free counseling and guidance to help you avoid | | | | If you are facing a possible foreclosure, it is important |
| foreclosure on your home. | | | | that you do not try to put off and avoid the situation |
| Also, under the new Homeowner Affordability and | | | | you are in. Take action, and see what options are |
| Stability Plan (HASP), introduced as part of President | | | | available to you and your family to save your home |
| Obama's foreclosure prevention program. You may be | | | | and protect your credit. |
| eligible for a special Making Home Affordable loan | | | | |