How You Can Help
Homeowners
Stay in Their Homes
The Northeast
Atlanta Metro Association of REALTORS® (NAMAR) has
launched
www.unnecessaryforeclosure.com
to educate homeowners on options to avoid
foreclosure.
The Web site offers a list of nonprofit organizations dedicated
to helping consumers avoid foreclosure, warning signs of
predatory lenders and information on mortgages that could lead
to trouble for homeowners. Detailed information on short sales
and the short sale process and the tax implications of
foreclosure is also available. Among the most useful pieces of
information on the site is a list of common solutions that can
be reached with a lender, such as repayment or loan
modification. NAMAR has produced a series of
videocasts to help consumers
understand their options and give tips on how to avoid losing
one's home. These videos can also be found at
www.UnnecessaryForeclosure.com.
NAMAR has also developed a
brochure for REALTORS®
to use to help their clients. This brochure can be customized
with personal information and the local Board/Association name.
