If you are facing foreclosure, or worry that you might be soon, check out these websites for easy-to-understand information about foreclosure and your options when you are in danger of losing your home. (For tips and resources on finding laws and doing legal research online, check out Nolo's Laws and Legal Research section.)
Nolo's Foreclosure Law Section
Learn everything you need to know about foreclosure, including how it works, how to avoid it, and your options if you are in danger of losing your home.
Federal Reserve System
The Federal Reserve System has established regional Foreclosure Resource Centers throughout the country to address local concerns about the foreclosure crisis. Click on your region to get consumer information and foreclosure resources in your area.
Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB)
www.ftc.gov/bcp/menus/consumer/credit/mortgage.shtm and www.consumerfinance.gov
The FTC publishes fact sheets for consumers on foreclosure scams. The CFPB website offers information on how foreclosure works and foreclosure avoidance, among other things.
Homeownership Preservation Foundation
The Homeownership Preservation Foundation is a nonprofit that offers free foreclosure counseling. The website also provides links to federal and some state government websites offering foreclosure information.
This government website provides comprehensive information about the 2009 federal Making Home Affordable program. You can check eligibility requirements for the loan modification, refinancing, or second lien programs, and obtain the forms needed to apply for a modification. You can also find program FAQs and calculators to help determine which program might work for you. The site provides information about foreclosure alternatives and a link to a U.S. Department of Housing and Urban Development (HUD)-approved housing counselor directory.
National Consumer Law Center (NCLC)
The consumer section of NCLC's website has helpful information on state foreclosure laws, the Home Affordable Modification Program, and brochures on foreclosure, how to help elders in danger of losing their homes, and avoiding foreclosure scams.
National Foundation for Credit Counseling (NFCC)
The NFCC website has a national directory of local member agencies -- nonprofit credit counseling agencies staffed by NFCC-trained, certified counselors. NFCC housing counselors can provide assistance with foreclosure and other homeowner issues.
U.S. Department of Housing and Urban Development (HUD)
The HUD website has a section on foreclosure that includes tips on avoiding foreclosure, information about various government loan modification and refinancing programs, links to government assisted rental programs, links to local and state resources, and a national directory of HUD-approved housing counselors that provide assistance free of charge.
AllLaw's Foreclosure Law Section
Click on a state to get a summary of that state's foreclosure laws. You can also learn about the foreclosure process, defenses, loss mitigation (short sales, loan modifications, and deeds in lieu of foreclosure), and deficiency laws.
Nolo's Bankruptcy Center
One-stop shopping when it comes to coping with financial trouble. The website includes comprehensive information on filing for bankruptcy, dealing with debt and credit problems, handling collection agencies, dealing with student loan debt, repairing credit, and more.