Government assistance available at many levels

Officials and lawmakers at all levels of government recognize that a healthy housing market is essential to a growing economy. Keeping homeowners in their homes, paying their mortgages every month is important to maintain a healthy housing market. To attain that goal, the government at the federal and state level is offering assistance to help distressed homeowners prevent foreclosure.


 

Here's some recent examples of government in action

Taking action rapidly is key. RealtyTrac offers answers to the questions you may have regarding the ways you can avoid foreclosure. Below you will find some helpful information on how you may be able to avoid foreclosure.


 

National

Federal government takes the lead in foreclosure prevention

The articles below highlight some of the programs President Obama and his administration have put in place to assist homeowners in preventing foreclosure.

New Law Protects Renters From Foreclosure Eviction

The Obama Foreclosure Prevention Plan Q&A

Obama Signs New Housing Aid Bill


 

State

States initiate programs of their own to help citizens prevent foreclosure

From statewide foreclosure moratoria and extensions, to lawsuits against mortgage scammers and lenders who took unfair advantage of homeowners, many states have taken the initiative on their own to protect homeowners from the black stain of foreclosure.

Mediation Gaining Popularity as Foreclosure Alternative

SC Supreme Court Halts State Foreclosures

Michigan Bills Extend Timeline for Loan Modification

Ohio Moves Closer to Foreclosure Moratorium

New Law Prolongs Iowa Foreclosure Process

Cleveland Loses Foreclosure Suit

States Target Foreclosure Mortgage Scammers

Local Florida Bill Helps Fight Foreclosures

IL Bill Extends Foreclosure Grace Period

CT Looks to Expand Foreclosure Mediation Program

MI Senate Passes Bills to Help Distressed Homeowners