Thursday, February 1, 2007

Fearing Foreclosure? There may be help available.

Foreclosure is sadly, not as uncommon as it was in years past. The influx of ARM's and zero down financing and refinancing has put many a homeowner into this financial situation.

There is help out there for families facing foreclosure. The Foreclosure Prevention Hotline is an initiative to help those experiencing issues with their mortgages.
This is a service being managed by the Homeownership Preservation Foundation and employs 4 different credit counseling agencies to provide free counseling for consumers--all are HUD certified and have been trained in housing and credit counseling. The counselors can also act as a facilitator between the
consumer and the lender.

For additional information call 1-888-995-HOPE or check out their informative website at http://www.hpfonline.org

Rent Continues to Rise in Minneapolis & St Paul MN

The September Rent report just released by ABODO shows te average rate to lease a one bedroom apartment in St Paul to be increasing ...