This move was made a week after many homeowners received property assessments which showed a decrease in housing values due to the recession and other economic factors. According to the Los Angeles County Assessor's Office, "Decline-in-value reassessments are not permanent, but last at least one year."
NACA is working with Chase to help provide homeowners affordable mortgage loan modifications. For more information, go to NACA's website at https://www.naca.com/index_main.jsp.
Homeowners facing foreclosure can also attend U.S. Housing and Urban Development workshops. For more information, go to http://portal.hud.gov/hudportal/HUD. (PHOTO: HUD "Sustainable Homeownership" Foreclosure Prevention Workshop In Atlanta)
©2011 Tomi Johnson. All rights reserved.
Thank you so much for the very informative post. The best way to prevent foreclosure comes from educating yourself about how foreclosure works and knowing your best options. Knowledge of the topic of foreclosure will assist you to prevent foreclosure scams and various costly mistakes.
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