I personally talked to  Mike Cox, the Attorney General of Michigan at the DeltaPlex in Grand Rapids, Michigan last week at the February's Homeowner's Foreclosure Workshop of 2008.   He assured me that the lenders were reaching out and doing their best to help people facing foreclosure.  To confirm his statement, he gestured and pointed to about 28 tables representing about 16 service providers or mortgage lenders talking to homeowner's in foreclosure.    Many homeowners came to this event, and one could see people waiting in line sometimes 2 to 10 deep.   Others were filling-out cards to have a lender contact them personally the next day or so and especially if their lender was not present.   Various HUD counselors and Government Agencies such as Fannie Mae, IRS & Taxpayer Advocate, and MSU College of Law Tax Clinic were also there to assist homeowners.   Listed below were the Loan Servicers who came to this event: 

Carrington Mtg Services, LLC; Chase; CITI; Countrwide; EMC Mortgage Corporation; Fifth Third; Flagstar; GMAC; Home Loan Services; The Huntington National Bank; LaSalle Bank; LaSalle Bank Consumer Lending; National City Mortgage Co.; Option One Mortgage; Saxon Mortgage Services, Inc.; Washington Mutual Bank; Wells Fargo; and Wilshire Credit Corporation.

Note:  A lender provides the funds for your mortgage.  A servicer collects mortgage payments, and may not be the same as your lender.

The message was clear that in avoiding foreclosure -- Nothing is worse than doing nothing -- reach out and ask for help!   If you are unable to talk to your mortgage company, then take action and talk to an experienced counselor to consider the best plan of action for your personal financial situation.   One can contact the Homeownership Preservation Foundation at 1-888-995-HOPE; HUD at 1 800 569-4287 or visit http://www.hud.gov.; or call Foreclosure Prevention Institute, LLC 1 800 826-1929 or visit http://www.foreclosureinfo.bravehost.com.

If you are facing foreclosure or are in foreclosure, you need to understand your options, and a homeownership counselor or loss mitigation specialist can help you understand the options available to you to help you keep your home or to move on with your life and future.   They can explain forbearance, repayment plan, loan modification,  Short Sale, Preforeclosure Sale or Deed-in-Lieu of Foreclosure, and Cash for Keys.

If you need help or want more information regarding foreclosure options or who to call for an attorney, then call 1 800 826-1929 at Foreclosure Prevention Institute, LLC.