March 3, 2011
If you have an FHA loan and are trying to avoid foreclosure, the FHA recommends contacting the agency to be put in touch with a counselor that can help. The same goes for first-time home buyers; the FHA can put newcomers to the FHA insured mortgage loan process in touch with a local counselor who will guide them through credit prep, the loan process itself and what to do once a suitable home is found.
There is even counseling help available for seniors, and for people facing homelessness. The FHA advertises these services on its official site, saying “Want advice on buying a home, renting, default, foreclosure avoidance, credit issues or reverse mortgages? HUD sponsors housing counseling agencies…search online for a
Joe Wallace has been specializing in military and personal finance topics since 1995. His work has appeared on Air Force Television News, The Pentagon Channel, ABC and a variety of print and online publications. He is a 13-year Air Force veteran and a member of the Air Force Public Affairs Alumni Association. He was Managing editor for www.valoans.com for (8) years and is currently the Associate Editor for FHANewsblog.com.
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