Report: Prepare for new wave of mortgage foreclosure
At the end of February, the annual ‘Foreclosures in Minnesota’ report was published, and the trends we are seeing are promising, but indicate we...
1 min read
Five years ago, foreclosures in Minnesota were at an all-time high. Thankfully, with recent changes in legislation, much of the foreclosure activity has been quelled.
The foreclosure crisis may be slowly fizzling out, but there remain homeowners for whom the threat of losing everything is alive and terrifying. If you count yourself among them, there are a number of questions you can ask to determine the level of risk you may be facing:
- Have I missed a house payment?
- Has my financial situation changed as a result of job loss, divorce, mortgage payment increase, medical expenses or any other reason?
- Do I have credit card debt?
- Do I struggle to pay utility bills on time?
- Am I unable to make my monthly housing payments?
- Have I received a pre-foreclosure notice from my lender?
If you answered yes to any of these, you may be at risk of foreclosure. Thankfully, there is still hope. Twin Cities Habitat for Humanity’s Mortgage Foreclosure Prevention Program (MFPP) helps homeowners at risk of or in mortgage foreclosure; if this is you, please don’t hesitate to contact us at (612) 305-7163 or click here to learn more about Twin Cities Habitat’s MFPP.
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SCRA violations send servicemembers down path to mortgage foreclosure
Twin Cities Habitat for Humanity : 8:10 AM on July 28, 2012
Foreclosure has affected many people across the country during the last five years; but one group is becoming more and more in need of foreclosure...
Displaced by Foreclosure? We Can Help!
While we as housing counselors try to find the best solution for all of the homeowners who visit our organizations, sometimes foreclosure is...