Housing counseling agencies funded through the U.S. Department of Housing and Urban Development have announced the release of a new resource, the National Foreclosure Mitigation Counseling Fund. This fund will be administered by NeighborWorks America and can provide homeowners with information and assistance to avoid foreclosure through the Homeowner Affordability and Stability Plan (HASP).
Borrowers who are interested in exploring their options and eligibility under HASP can use this resource to locate and contact a counseling agency for free counseling using their address. This service is also provided to non-profit housing counseling agencies that are working with the Federal Government.