This website hopefully will be an educational tool for all those who wish to purchase and cherish their home. Buying a home is a big investment, and for most families it will be the largest single investmen they will ever make. Therefore, you want to cherish it and most importantly, hold onto it.
This website intends to give you information on how you should go about looking to purchase a home, as well as alternatives to foreclosure. To get to this information on purchasing a home, you should go to Looking To Buy. On the other hand, you may already own your own home and maybe have problems paying the mortgage. You should want to look at Saving my Home (Foreclosure Prevention). This section will give you info. on how you may be able to hold onto your home when faced with mortgage default. You must not forget that a number of cities, such as Philadelphia,Pa. have counseling agencies to help homeowners and future homeowners with real estate concerns. These agencies are funded in part through OHCD (Office of Housing and Community Development). Let's take a look at some of the services :
Pre-Purchase Counseling: the agency will hold your hand and guide you throughout the
process of your purchasing a home. The agency will be working with you, the lender and
your realtor in this transaction. Sometimes grants are available when you sit in on a
workshop. These grants are to assist you with the closing costs in finalizing the
transaction, usually for first time homebuyers.
Mortgage Default: when a homeowner falls behind in their mortgage, the agency can
work with you and your lender as well as the banks attorneys to try to cure the default.
(Mortgage Modification)
Delinquent Taxes, Reverse Mortgages, Refinance , Predatory Lending and Credit Repair
are other concerns which can also be addressed by the "housing counseling agencies".
The website is not offering legal advice, if legal advice is needed, please consult with an
attorney.
