The Homeownership Preservation Foundation (HPF) announced last week that since the inception of the Homeowners HOPE Hotline (1-888-995-HOPE) in late 2008, that counseling services have been offered to over 4 million homeowners in distress. This year the hotline is receiving 5500 calls each day, or 122,000 calls per month. In 2009 the foundation handled 1.77 million calls and 1.3 million in 2008.
WILMOTH Group is compiling a list of resources and news items to assist homeowners avoid foreclosure at our website. There are a number of groups that are trying to help homeowners who want help. The HOPE Hotline is a great way to find some independent counseling before trying to contact your lender directly. Four million counseled is nothing to sneeze at and just confirms that many people do want to find options.
