If a lender feels your financial hardships are not genuine, he may refuse to renegotiate the mortgage terms. This can make matters more difficult for you. As it is easy for lenders to recover money by foreclosing your property, they would prefer hauling you to the court than re-working the mortgage terms. If you face such a situation, you can seek foreclosure help from other quarters. These include:
Talk to a HUD approved housing counselor.
A HUD-approved housing counselor can help you find out if you are eligible for housing programs. Call up your city hotline to avail the services of a free HUD-approved housing counselor. The counselors are available 24×7. You can visit HUD websites to know more about the programs or get the numbers of local counselors. If you fall under the coverage of a housing program, it would become easy to avoid foreclosure. However, make sure that you talk to a certified HUD counselor. There are many people who masquerade as HUD-approved housing counselor. Such people are out to fish in troubled waters.
Seek state help facilities
The government has come out with many foreclosure help programs. You need to find out whether you qualify for these or not. The government has also started a legal cell for low-income homeowners in danger of foreclosure. You can avail free legal advice and get the foreclosure proceedings stopped.
If your lender is unwilling to cooperate, taking recourse to these ways can help you fight off a foreclosure.
Stop Foreclosure 