Homeowners are often left in the dark when it comes to finding foreclosure assistance. In the State of Texas we have two types of Foreclosure.

(1) Judicial Foreclosure
(2)Non Judicial Foreclosure

The word Foreclosure is commonly used to reposes your home.
If you let the house go into foreclosure, a notice of the foreclosure will remain on your credit bureau report for seven years.
Often Homeowners are not knowledgeable of their Legal Rights to stop the foreclosure.

There are many options available to assist you in stopping the foreclosure.

(1) Special Forbearance- A repayment plan based on your financial situation and may even provide for a temporary reduction or suspension of payments.

(2) Modification- You may be able to refinance the debt and extend the term of your mortgage loan.

(3) A one time payment from the FHA insurance fund to bring the mortgage current.

(4) Pre-Foreclosure Sale- This will allow you to avoid foreclosure by selling the property for an amount less than the amount necessary to pay off the loan.

(5) Deed-in-Lieu of Foreclosure- when you voluntarily give back the property to the lender.

If you need better clarification on the options listed above HUD has a how to prevent Foreclosure pamplet available to homeowners with FHA loans.
Many times Local Attorneys can not provide Foreclosure Advice because they have no knowledge of the HUD Protocall.
Attorneys will often pursue you into filing bankruptcy while the house is in Foreclosure.

Please be aware of Phony Stop Foreclosure agencies who will come across as pushy, and insensitive.

FHHDC understands that during the Foreclosure Process a Homeowner may feel pain and anguish at the thought of their home foreclosing.
In Dallas County alone for the year 2005 we had 32,000 homes posted for foreclosure which is a 4% increase from 2004.

Just think how many homeowners would still be in their homes with the help of FHHDC Foreclosure Prevention and Loss Mitigation Counselors.

If 32,000 homeowners on the Foreclosure List knew about FHHDC Services I bet the foreclosure rate would not have risen to 4 % this year.

At First Home Consulting our number one goal is to Stop the Foreclosure for good. Each time a home in the Dallas Area Forecloses it costs HUD money. Foreclosure is nothing to be ashamed of as long as you seek help from a knowledgeable company with a proven track record to stop the Foreclosure.

Regardless of your situation at hand FHHDC can and will stop the foreclosure in a diligent manner and keep you up to date on your file.
With winter fast approaching you don’t want to get stuck out in the cold, all you have to do is ask FHHDC to assist you in stopping your foreclosure.

The very first consultation is free and will last approximately 45 minutes.