New Mexico is the latest state to implement a free foreclosure hotline for residents who are in danger of losing their homes, according to KRQE.com.
The Association of Community Organizations for Reform Now (ACORN) — the largest community organization of low and moderate income families in the United States –is spearheading the initiative.
With more than 1,700 active foreclosures in 2006 (according to Foreclosure.com) — and bad subprime mortgage loans possibly exacerbating the situation — ACORN wants to ensure that families in New Mexico get all the necessary help to save their homes from bank repossession.
Here’s a snip from an ACORN spokesperson:
“We have home-loan counselors. They will sit and talk with you about your mortgage, what you can pay, what is reasonable for you to pay and still maintain your other bills, feed your family. They will go represent you to the lender and say this is what we have, this is what we can do, will you work with us?”
New Mexico homeowners facing foreclosure should take advantage of this resource as soon as possible — it’s FREE foreclosure assistance.
Contact a counselor toll-free at the New Mexico foreclosure hotline at 866-67-ACORN (866-672-2676).
We got a demand letter threatening reposession of our property if amounts totalling $1731 plus proof of current property taxes are not paid by 3:00 PM Aug 4, 2007. Can they come and through us out if this is not done? What our our rights? Please help.
please help in danger of loosing house
3-11-11 I am a small business owner with a dairy farm. I have never missed a payment. I have never been late. I have never been a penny short. My payments are auto debit and come out automatically every month. My assets are well over my debt. I was and still am current on all my bills with all my vendors. Bank of America filed for foreclosure on me anyways and confiscated my milk checks because they don’t want agriculture loans anymore. The only way to get my milk check back was to file chapter 11. I have been turned down by 10-12 banks trying to refinance because I am in bankruptcy. I have spoken face to face and sent letters to senators, congressmen, USDA, Farm service agency and my governor. I even sent a letter to Pres. Obama and they don’t care. They all give excuses that it is someone else’s department. The day will come when the evil people that have caused this will have their children or grandchildren screwed the same way and wonder why? And the politicians that turn their head on this activity and even support it by giving them bailout and TARP money from our taxes will get theirs someday. Until then I will continue to feed them and their families while they spit on me.
Jericho Sanchez