GREENPATH DEBT SOLUTIONS OFFERS FREE COUNSELING ON HOUSING AND FORECLOSURE ISSUES
More than 10,750 inquiries made to GreenPath in third quarter 2009
(FARMINGTON HILLS, MI – October 19, 2009) - GreenPath Debt Solutions, a nonprofit agency headquartered in Farmington Hills, Michigan, with 37 offices throughout the U.S., wants to remind homeowners that free foreclosure prevention counseling is only a phone call away. GreenPath certified housing counselors are experts at helping consumers deal with housing-related issues and problems. Counselors can educate consumers and help them explore their options.
Recent reports have shown that 2009 third quarter foreclosure filings have hit a record high. RealtyTrac, an online marketer of foreclosed homes, found that nationwide, 937,480 homes received a foreclosure letter – whether a default notice, auction notice or bank repossession. That translates into one in every 136 U.S. homes, which is a five percent increase from the second quarter and a 23 percent jump over the third quarter of 2008.
Similarly, in the third quarter 2009, GreenPath fielded 10,753 inquiries from individuals calling to seek help with resolving or preventing mortgage delinquency, which is an increase of more than 350 calls over the third quarter 2008. Mortgage delinquency calls in third quarter 2009 accounted for 25 percent of all calls to GreenPath.
Homeowners can call GreenPath to receive counseling on several different housing issues. In many instances counseling can guide people toward homeownership, help people who are in financial distress remain in their homes or apartments, and help people understand various loan options.
Counseling options include:
Delinquency and Default
Counseling to assist homeowners and renters who are experiencing difficulty in making monthly housing payments. Delinquency and Default counseling provides general information, advice, and assistance in resolving a mortgage default or rental delinquency.
Post Occupancy
Counseling to assist homeowners and renters in stabilizing the management of their home. Rights and responsibilities of homeownership are discussed.
Housing Consumer Education
Counseling on money management, wise use of credit, home maintenance and repair, comparative shopping, major purchases, guide to community resources, second mortgages or home equity loans, home equity conversion loans, and shared housing.
Displacement and Relocation
Counseling to assist homeowners and renters who are threatened with displacement and need information for relocation, renter's/owner's rights and alternatives.
Pre-Rental
Counseling of rights and responsibilities, application procedures, lease agreements, grievance procedures and fair housing laws.
Pre-Purchase
Counseling of rights and responsibilities, mortgage loan application procedures, credit reports, budgeting, and fair housing laws.
For more information on GreenPath Debt Solutions or to schedule a counseling session, call 1-866-648-8122 or log on to www.greenpath.com for more information.