How to Get Help in Texas to Stop Foreclosure

Like most other states, Texas is experiencing a raise in home foreclosures. Increased foreclosures doesnt just affect the families losing their homes, it also affects the housing market, assistance programs and much more. States are taking a closer look at what they can do to help families avoid foreclosure and find a long-term solution to their financial problems. Among other things, Texas has formed the Texas Foreclosure Prevention Task Force. The task force is being facilitated by NeighborWorks America, a national program helping families and states find ways to reduce foreclosures.

Instructions

1




Call the Texas Foreclosure Prevention Task Force for help and information. It is a great starting place when you dont know where to state. The task force can help you analysis the situation and choose the best path to long-term financial stability. The task force has created a bilingual toll free 24/7 hotline for homeowners. The HOPE hotline number is (888) 995-HOPE.

2

Call your loan provider and let them know you are having problems. Even if you dont know what the solution is yet, it is important to let your provider know what is going on. Tell them what has caused your financial stress, whether it is job loss, family death, divorce or something else. Your provider may have a short-term solution depending on the problem.

3

Create an "action plan" counselors at the HOPE hotline can help you with this. You need to figure out what you are going to do to avoid a foreclosure. Ideally, youll be able to find a solution which involves maintaining possession of your home, but there are also options which will free you from the mortgage but are less drastic than foreclosure.

4

Look into local emergency assistance. If your financial problems are temporary, such as you lost your job, but you are looking for a new one, there are many local agencies that can help you during a bad time. Dont be afraid to ask for help.

5

Visit the Texas Foreclosure Prevention Task Force website. They have great educational information right on their site, which may give you the ideas you need to move forward.