Foreclosures

Foreclosure Help for NC

This is a re-post of a previous blog entry. Based on the number of people I am meeting looking for loan modifications it is worth having as a separate page.  I’ll update it with client experiences and hopefully success stories.

The often heard projections for this year have been record foreclosures.  Since foreclosures sell for lower than market prices the net affect is downward pressure on the market.  The good news for NC is the $95M award that the NC Housing Finance Agency received to help forestall foreclosure.

According to the Business Journal, “Since North Carolina’s “Foreclosure Project” went into action, the initiation of foreclosure proceedings has declined by nearly 50 percent across the state. Foreclosures statewide from Jan. 1 through Feb. 28 numbered 5,324, down by 47 percent from the 10,135 filed during a comparable period in 2008″.

Foreclosure Prevention Resources

Foreclosure Counseling Agencies – Wake County

Consumer Education Services, Inc
3801 Lake Boone Trl
Raleigh, NC  27607-2972
(919) 785-0725 begin_of_the_skype_highlighting              (919) 785-0725      end_of_the_skype_highlighting

Raleigh Area Development Authority
4030 Wake Forest Rd
Raleigh, NC  27609-6800
(919) 807-8400 begin_of_the_skype_highlighting              (919) 807-8400      end_of_the_skype_highlighting

Telamon Corporation
5560 Munford Rd, Ste 201
Raleigh, NC  27612-2621
(919) 239-8156 begin_of_the_skype_highlighting              (919) 239-8156

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