Foreclosures are Increasing
Hope Now is a foreclosure prevention coalition who is helping families who are in danger of losing their homes. Last month they have arranged a total of 183,000 borrowers and helped them to stay in their homes. In addition, almost 1.6 million loans have been arranged also by some community advocacy groups, investors, services and the alliance of mortgage lenders. The figures only shows that New Hope is doing a great job in helping homeowners avoid foreclosure and keep their homes. However, the filling of foreclosure continues to increase just the same every year. At the rate the increase is going, more than a million of families are likely to lose their homes.
