With Citi, Fannie Mae and Freddie Mac all announcing foreclosure prevention plans yesterday, we've decided to compile a resource outlining all of the private lender foreclosure relief plans in one place:
Lender based foreclosure relief programsIf you are currently in foreclosure or are concerned about your ability to avoid foreclosure, you should check to see if your mortgage holder is offering foreclosure prevention help. In many cases, lenders are offering pre-qualified mortgage modification that will allow you to both stay in your home and protect your credit score. However, you must be proactive and act before it is too late.
We will keep the resource updated as more banks roll out foreclosure relief programs. If there is a program that you are aware of that we are missing, please let us know.