Foreclosure is a growing problem across the United States. With
today's complicated financing options, it is more important than ever
for prospective buyers to learn how to avoid pitfalls that might lead
to foreclosure. Information and referral services are available for new
home buyers as well as homeowners already facing the threat of
foreclosure.
The U.S. Department of Housing and Urban Development (HUD) offers information about foreclosure:
The Federal Deposit Insurance Corporation, working
through its new Alliance for Economic Inclusion Initiative and the
NeighborWorks Center for Foreclosure Solutions, has partnered to
promote foreclosure-prevention strategies. More information is
available in a 2007 press release from FDIC.
The State of California offers home-mortgage
information online for prospective homebuyers or homeowners who are
having trouble keeping their payments current. For more information, go
to the California Housing Finance Agency website.