Based on a recent study conducted by RealtyTrac, foreclosure filings for the year 2013 totaled 1.36 million properties in the continental United States. Although this number has decreased by approximately 26% from 2012, the total number of Americans facing foreclosure is vast. Although it has been calculated that 1 million Americans are involved in active foreclosure proceedings of all stages, these numbers fail to account for homeowners living in fear of foreclosure proceedings that have not yet been instituted.
Although the term “foreclosure” is becoming ever prominent in the daily vocabulary of far too many Americans, the actual legal steps of the process still remain a mystery for the Americans directly involved in this nationwide crisis. Furthermore the help that is available feels elusive for those who are in desperate need of it. If you find yourself facing foreclosure, know that you are not alone and do not wait any longer to seek the help that you deserve. Take advantage of the many private and government funded programs that will allow you to retain your home. Help is available to you no matter what stage of foreclosure in which you find yourself.
In fact, Pennsylvania is the only state in the country that offers state-funded loan programs designed to help homeowners who, because of extenuating circumstances, have found themselves trapped in the foreclosure process and are worried about losing their homes. Pennsylvania even offers a specific state assistance program and there is help available for everyone through government programs that are specifically designed to help homeowners retain their homes.
HARP, the Home Affordable Refinance Program, is one of these types of programs. Originally developed in 2009 by the Federal Housing Finance Agency and the Department of the Treasury, this program is designed for homeowners who owe more than the estimated worth of their home. As the foreclosure crisis grew in America following 2009 HARP grew too; this program was expanded in 2011 in order to maximize eligibility and help as many homeowners as possible. These are not the only options to help homeowners currently involved in this nationwide crisis. The point is, however, that homeowners should deal with foreclosure issues as soon as possible, but if need be, help can also available in the later stages.
Contact Shaffer & Gaier – Protecting Homeowner Rights
The law firm of Shaffer & Gaier protects the rights of those who are facing foreclosure or seeking mortgage modifications in New Jersey and Pennsylvania. To set up a free initial consultation, contact our office online or call our foreclosure hotline at 855-289-1660. Or call our office location in Philadelphia at 215-751-0100, or in New Jersey at 856-429-0970.
