HUD Launches Program In Six Cities To Help Homeowners Not Yet In Foreclosure

In Miami, Florida, The Miami Herald reports:

• [A]nother effort to keep borrowers from losing their homes to foreclosure was launched Wednesday by the Department of Housing and Urban Development. Called ''Keep Your Home, Know Your Loan,'' the campaign includes public service announcements and print materials that will be distributed in six major metropolitan areas where home foreclosures rates are soaring, including Chicago, Los Angeles, Detroit, New York, Phoenix, and, naturally, Miami.(1)

• ''This is an opportunity for us to reach out to people who may not be in foreclosure yet, but could be facing one this year, due to a rate change, the economic downturn, job loss or having their hours cut,'' said Armando Fana, director of HUD's field office in South Florida.

For more, see Miami homes get HUD lifeline (Federal housing officials chose Miami and five other cities to launch a foreclosure prevention campaign, complete with a hot line, and warned home owners to watch out for 'rescue' scams).

Go here for more information on the HUD program - Keep Your Home. Know your Loan.

(1) As part of its campaign, HUD has also launched a new hot line, 877-HUD-1515, where homeowners can get information about HUD-approved counseling agencies in their area.