This past Friday, HUD announced it is going to spend some more money on counselling to homeowners to assist them in avoiding foreclosure. A total of $10 million will be spread across the country to a variety of counseling firms and agencies to advise and help homeowners avoid foreclosure. The total breaks down to $3 Million going to 139 local counseling agencies, and the remaining $7 Million to 23 housing counseling intermediary agencies. The largest geographic concentration of these funds nationally will be to areas that are the more severely affected areas in terms of foreclosures. Some of the money will also be directed to agencies dedicated to exposing foreclosure "help" scams, including counseling on how to avoid being burned by such scams. If you have any questions, contact HUD immediately.
Good Luck.
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