Sound mortgage financing makes it possible for people to own their own homes, build a credit history by making timely payments, and invest in an important asset that can stabilize a community and help build personal wealth. For most homeowners, a mortgage is a fact of life. The economic downturn and foreclosure crisis has revealed serious problems with how mortgages have been sold. Consumers Union calls for new solutions to avert future mortgage meltdowns and to increase the number of loan modifications to prevent unnecessary foreclosures.
Follow these steps if you find that you are unable to make your mortgage payments. There are many foreclosure counseling options and other resources available to you.
Foreclosures are hitting far and wide. If you are afraid of losing your home or you already have, we want to hear from you. Your willingness to share these painful stories helps us pass laws to protect you and your family.
We've collected many stories from individuals in the United States experiencing a crisis as a result of the mortgage meltdown. Here are their video stories to watch online.We want to hear from you. Your willingness to share your stories helps us pass laws to protect you and your family.
Read stories from individuals who have shared their stories, like:
Joe and Josephine of Sacramento, CA
Faced with the difficult decision of continuing to pay for an “underwater” mortgage or to sell his home at a loss, Joe B. a 90-year-old retired British army veteran from Sacramento, California, is now facing foreclosure.
Online, by mail, phone or fax... Agencies need to hear from you!