Washington, DC, January 30, 2008 --(PR.com
)-- Housing and Foreclosure statistics
released this week show a 75% increase in foreclosures in 2007. There are an estimated 2.2 million homes at risk. Today’s housing and lending crisis have made it nearly impossible for a great deal of home owners to save their homes. The Federal Foreclosure Assistance Center has been established to help Home Owners at risk understand the process, their rights and to have easy access to federal, state and local services, financial aid and grants and knowledge.The Federal Foreclosure Assistance Center
, has assembled an extensive data base of information to help those at risk understand their particular circumstances, develop a time line and course of action and to assist in alternative solutions and negotiations with their lenders, mortgage holders, banks and insurance companies.
In many instances homeowners have a variety of alternatives available to them if they open lines of communication early enough and understand their alternatives.At www.federalforeclosureassistancecenter.com
a home owner can determine their best course of action and follow a step by step Interactive Timeline developed based on their particular circumstances. This Interactive Timeline will provide the user with suggested actions and provide personalized correspondence, documents and court filings necessary to assist in these actions to get a positive solution. Most foreclosures are handled by administrative process and can be amicably settled by a variety of methods.
If foreclosure is determined to be the only or final outcome the user will be able to understand the ramifications on their current and future circumstances, their continued obligations and how this will affect their financial situation including taxes, credit, liens and earnings. Most of all, the home owner will be able to determine if and when alternative housing arrangements need to be made and where to get housing assistance.