Organizations that Help Households Deal with a Sub Prime Mortgage Crisis

Homeowner’s Hope Hotline and the Neighborhood Assistance Corporation of America have been set up recently to assist the millions of American households with a sub prime mortgage crisis by assisting them with refinancing or negotiating a short sale. According to recent reports both companies have been swamped recently with inquires about assistance. The Homeowner’s Hope Hotline is 888-995-HOPE and their home page is http://www.995hope.org/. The Neighborhood Assistance Corporation of America maintains a homepage at https://www.naca.com/index_main.jsp. Both companies are non-profit organizations set up to alleviate this current mortgage crisis. Both companies say that getting the lender to work with the borrower is the key. These companies say that lenders are coming up with outrageous terms for getting out a particular loan and they are there to keep the borrowers from being sucked in. I personally have not had any dealings with these companies but it’s great to see that there are places to get help for those who need it.