Is Your Home the Here Today, Gone Tomorrow Variety?
To reduce the number of foreclosures in the Taunton-Attleboro area, Massachusetts, Pro-Home Inc., a non-profit group is counseling homebuyers before they get into trouble. The group is trying to help homeowners facing foreclosure navigate their way through the crisis.
According to recent statistics, foreclosure figures in Massachusetts have shot up in the past few months. Figures for the second quarter show that foreclosures have increased 66 percent. This figure leaves in its trail, ruined families, their finances in a mess and an uncertain future. These people may even not be able to envisage a future where they could get back into a home of their own. I know all this sounds scary, but we should get beyond the fear and look for solutions.
You probably couldn’t do much about the bursting of the housing bubble. But you cannot disagree with me when I say that you’ve done your bit to worsen your situation. How so? Well you allowed an aggressive lender pressure you into buying a home you just couldn’t afford. Or you fell into an online mortgage lender trap, which seemed so great – you didn’t need to prove income and were qualified for much more than you could afford. I mean, why couldn’t you see through this trick. It was too good to be true. Right? Then why didn’t your alarm bells ring?
Fine, I guess I’ve done my bit. Now for people in the Taunton-Attleboro area, there’s help. Pro-Home doesn’t just advice you on what you can do. It actually offers concrete help. As of now, I don’t have many details on these guys. But I promise, I’ll be back with some more info on this group and any other in other states. Till then, try holding onto your homes.