Avoiding, Stopping Foreclosures: A Call-to-Action

A lot of criticism has been focused on conventional lenders, mortgage bankers and mortgage brokers due to the vast number of teaser rate and sub-prime adjustable rate mortgages (ARMs) originated between 2004 and 2006.

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A lot of criticism has been focused on conventional lenders, mortgage bankers and mortgage brokers due to the vast number of teaser rate and sub-prime adjustable rate mortgages (ARMs) originated between 2004 and 2006.

With many of those less than desirable mortgages now working their way through the foreclosure process, unsophisticated and uneducated homeowners are paying the price. So many in fact, that local community groups, non-profit organizations, local officials and national politicians have made avoiding or stopping foreclosures their call to action.

Many efforts have already taken to the streets, to state legislatures and even to Capitol Hill in an attempt to put a halt to unfair lending practices. Practices that many industry experts liken to nothing short of mortgage fraud.

Here's some of the latest news articles written about attempts to either avoid or stop foreclosure in its tracks:
 

Helpful Resources: (links will open in a separate window)
Real Estate Agents Spread the Word on Avoiding Foreclosures
Consumer Group Proposes Moratorium on Foreclosures
Treasurer creates task force to combat county foreclosures
State officials, lenders meet on foreclosures
Ad campaign hopes to curb foreclosures
HUD Stresses Promotion and Protection at California Homeownership Summit
"Avoid Foreclosures Before the Mortgage Is Made," Edmunds Says
La Raza tackles housing defaults
Group raises alarm on foreclosures
 

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