Hope Now, the private sector alliance of mortgage servicers, counselors, and investors that is working to help prevent foreclosures, announced today that mortgage servicers provided loan workouts to approximately 183,000 homeowners in April 2008, the highest monthly amount since the program was begun in July 2007. Since July 2007, the industry has helped almost 1.6 million homeowners avoid foreclosure through workouts which include loan modifications and repayment plans.

Here is a link to the entire article, detailing some recent success for the program: http://hopenow.com/upload/press_release/files/Homeowner%20Workouts%20Reach%20Record%20Level%20In%20April.pdf

For more information on HOPE NOW, and to see the full membership of the Alliance, please visit www.HOPENOW.com.

If you know someone who is having difficulty making their mortgage payments please send them a link to this blog, or have them give me a call ( 949-643-2100 ) or an email: agent.BobPhillips@cox.net

Serving South Orange County since 1976 - Bob Phillips, of Altera Real Estate.