We’ve been getting several inquiries about defending against foreclosures and helping folks try to negotiate mortgage modifications. We’ve had to explain to people facing foreclosure in Virginia how difficult and expensive it would be to defend them against foreclosure because of Virginia’s non-judicial foreclosure practice and procedure. Likewise, helping them find a loan modification program for which they might qualify can be quite expensive and we don’t necessarily have any more luck than the borrowers trying to have their loans modified. We have wished we could offer more practical help. Recently, we became aware of nonprofit agencies that may be able to provide more practical help than we can as attorneys. Housing counseling agencies approved by the U.S. Department of Housing and Urban Development may be able to help. Here’s what HUD says on its website.
– HUD-approved housing counseling agencies are available to provide you with the information and assistance you need to avoid foreclosure. As part of President Obama’s comprehensive Homeowner Affordability and Stability Plan (HASP), you may be eligible for a special Making Home Affordable loan modification or refinance, to reduce your monthly payments and help you keep your home.
– If you need help understanding the Making Home Affordable programs, you can use this search tool to find a counseling agency in your area that will provide you with free foreclosure prevention services. If you are eligible for the loan modification or refinance program, the counselor will work with you to compile an intake package for your servicer.
– Foreclosure prevention counseling services are provided free of charge by nonprofit housing counseling agencies working in partnership with the Federal Government. These agencies are funded, in part, by HUD and NeighborWorks® America. There is no need to pay a private company for these services.
You can search for a HUD-approved housing counseling agency in your area at hud.gov.
MartinWren, P.C. attorney Lewis A. Martin, III practices real property law and estate administration law in the firm’s Charlottesville office. For more information regarding property foreclosures and other real estate issues, please call Lewis at 434-817-3100 or email him at firstname.lastname@example.org. With offices in Charlottesville and Harrisonburg, Virginia, MartinWren, P.C. is a dynamic law firm offering legal services to individuals and small and large businesses across the Commonwealth. MartinWren, P.C. represents clients in diverse practice areas: Business, Corporate & Tax Law; Estate Planning & Administration; Personal Injury; Intellectual Property and Technology Law; Healthcare Law; Commercial & Residential Real Estate; Civil and Commercial Litigation; Startups and Emerging Companies; Family Law & Adoption; and Nonprofit Organization Law. To learn more about MartinWren, please visit www.martinwrenlaw.com.