Aug 11, 2008

New law may save your house

A new law signed by President Bush that will go into effect on October 1, 2008 was created to assist homeowners struggling to pay their mortgage.

According to HUD's website, homeowners having trouble paying their house payments should contact the appropriate counseling agency. The contact information is:
  • HUD.gov
  • HOPE NOW Alliance at (888) 995-HOPE
  • FHA 800-CALL-FHA

The program is designed to slow the rate of foreclosures in hopes of stabilizing the country's housing market.


Related Florida real estate views:

HUD is coming to a theater near you

Florida attorneys offering free help to homeowners facing foreclosure

Washington Mutual helps more than 7500 homeowners avoid foreclosure


- Greg Staker - Watson Realty Corp. 407-304-0255

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