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June 11, 2013

 

Avoid Foreclosure Through Pre-Purchase Counseling
American Banker Media

CalculatorColleen Hernandez, the chief executive of the Homeownership Preservation Foundation, writes a compelling article in American Banking about the devastating foreclosure situation our country has wrestled with and a simple, repeatedly proven way to avoid home loan defaults, thus aiding both buyer and lender.  Ms. Hernandez discusses the solution of pre-purchase housing counseling for potential home buyers.  She cites studies published by U.S. Department of Housing and Urban Development (HUD), NeighborWorks America, Joint Center for Housing Studies and Freddie Mac which all present a significant decline in mortgage defaults as a direct result from pre-purchase counseling.  More…

 

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