| July 9, 2009

Survey: Many Americans not dealing with foreclosure

Though many Americans may be facing foreclosure, a number aren’t doing what it takes to solve their debt problems.

A survey released by Realtor.com shows that about 20 percent of respondents who are facing foreclosure – or know of someone who is – haven’t started to deal with the problem.

Another 22.4 percent said that though they haven’t started tackling their possible foreclosure, they plan on doing so prior to the expiration of the government’s Making Homes Affordable (MHA) program.

The aim of the government program is to make home refinancing an option for more people. Since its introduction in February of this year more than 200,000 borrowers have received trial loan modification offers. According to the U.S. Department of Housing and Urban Development, “tens of thousands of refinances and trial modifications are under way.”

Only those with a mortgage with Freddie Mac or Fannie Mae can apply for the MHA program. Originally the program was limited to those whose first mortgage was no more than 105 percent of the property’s value. The value threshold for the program was recently expanded to 125 percent.

However, the Realtor.com survey shows that some Americans may not feel the program is effective. Of those surveyed, 41 percent feel that the program is not working, while 27.8 percent feel it is. The remaining respondents said they either didn’t know if it was working or felt it was too soon to tell.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

The National Industry Standards for Homeownership Education and Counseling are a set of guidelines for quality homeownership and counseling services. Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice.
Click here to learn more.

Consolidated Credit Consulting Services, Inc. has been verified as the owner or operator of the Web site located at www.consolidatedcredit.org. Official records confirm Consolidated Credit Consulting Services, Inc. as a valid business. Call us today and see what we can do for you.

Consolidated Credit is a Certified ISO 9001 company, as verified through Bureau Veritas Certification.

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

U.S. Department of Housing and Urban Development - HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. Consolidated Credit is proud to be a member of HUD and also part of the Hope Now Alliance.

You can save!

With this amount of debt, you'd pay around $xx.xx on a DMP.

FREE Debt Consultation