Latest News on Government Foreclosure Help

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It has come across like an explosion when the Attorney General of Texas demanded that banks stop their foreclosure procedures until after an investigation. It seems that too many homes are taken without the owners given a chance to avoid foreclosure. The impact is so great across the nation that in all fifty states the Attorney Generals are asking the banks to put a halt on their foreclosure procedures until the system is investigated. This is the latest breaking news on government foreclosure help for Americans.

It seems that in one of the banks an employee admitted that within one month over 10,000 foreclosures were signed without verifying the information. The best help that the government can do is put a freeze on foreclosure procedures until after the investigation. The Real Estate industry is not happy with this dilemma fearing that the housing market will suffer. Attorney General Greg Abbott notes that millions of homes all across America could have saved if banks are investigated and their procedures questioned when it comes to foreclosure. We all need a breath and this new government foreclosure help might just be the antidote to stop foreclosures.

When you are faced with a foreclosure it is up to you to get advice from a lawyer. You should question the banks methods and seek advice immediately. You may find that you are within your rights and possibly save your property from foreclosure. The government will take the necessary steps to investigate the banks and lending institutions policies and procedures but it will take the advice of a lawyer to help you avoid foreclosure on your home. There are other programs available to help you avoid foreclosure.

A foreclosure lawyer will give you advice on how to avoid foreclosure and if necessary help stop it for you if you are already in the process. The fact that the government help is coming in the form of investigation of the banking procedures may not save your home. You should not wait on any end results, instead take action, and avoid foreclosure now. You should consult a foreclosure lawyer about any programs where there is government foreclosure help that will save your home. The government has already started the Home Affordability and Stability Plan to help Americans keep their homes and avoid foreclosure.



Source by L. Weber