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Having trouble making your mortgage payments? or know someone who is having trouble? Worried about possible bankruptcy or foreclosure?

Well there may be some hope and the name of that hope is, “Hope Now Alliance“.

What is Hope Now Alliance?

It is a collaboration of industry leaders to help people facing mortgage crisis, formed specifically to help speed up delivery of help during this worst mortgage crisis to befall this nation in years.

In their own words, “HOPE NOW is an alliance between counselors, servicers, investors, and other
mortgage market participants. This alliance will maximize outreach efforts to
homeowners in distress to help them stay in their homes and will create a unified,
coordinated plan to reach and help as many homeowners as possible. The
members of this alliance recognize that by working together, they will be more
effective than by working independently.”

They have set out to accomplish the following as part of their action plan:

• The alliance will conduct a new, national direct mail campaign to contact
  at-risk borrowers, encouraging them to either call their lender or a credit
  counselor.
• This alliance has agreed to adopt a standard process model that will
  strengthen and speed work flow, productivity, and communications
  between servicers and counselors.
• The alliance will work to expand the capacity of an existing national
  network to receive, assess, counsel, refer, and connect borrowers to
  servicers.
• The American Securitization Forum, which represents servicers, investors,
  and other secondary market participants, has announced that counseling
  fees can be reimbursed from securitization transactions in appropriate
  circumstances.
• The alliance will develop common communications guidelines that will be
  used to respond to at-risk borrowers in order to offer them the best possible
  solutions, customized for each borrower.
• The servicers have agreed to work toward cross-industry technology
  solutions to more effectively connect servicers and counselors together in
  order to better serve the homeowner.
• The alliance will develop a common set of metrics to measure the
  initiative’s progress.

The Bottomline:

The alliance is offering to help people in trouble. If you or anyone you know is facing foreclosure or having difficulty making mortgage payments, then they need to take advantage of this offer of help. So please spread the word about this to those in need and have them call the alliance’s hotline number to speak to a live counselor.