Friday, January 15, 2010


Yesterday, I was a Volunteer Lawyer at the Nassau County Mortgage Foreclosure Clinic and was faced with the following general categories of clients seeking advice:

1) Clients in default of mortgage foreclosure action.

2) Clients just served with mortgage foreclosure actions.

3) Clients not in default of mortgage but seeking advice on loan modification.

All of them had this in common: none of them first sought the assistance of a certified housing counselor for a loan modification. HUD-approved housing counseling agencies are available to provide you with the information and assistance you need to avoid foreclosure. As part of President Obama's comprehensive Homeowner Affordability and Stability Plan (HASP), you may be eligible for a special Making Home Affordable loan modification or refinance, to reduce your monthly payments and help you keep your home. If you need help understanding the Making Home Affordable programs, find a counseling agency in your area that will provide you with free foreclosure prevention services. If you are eligible for the loan modification or refinance program, the counselor will work with you to compile an intake package for your servicer. Foreclosure prevention counseling services are provided free of charge by nonprofit housing counseling agencies working in partnership with the Federal Government. These agencies are funded, in part, by HUD and NeighborWorks® America. There is no need to pay a private company for these services.

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