Foreclosure Prevention Public Service Campaign Kicks Off in July
Borrowers facing difficulty making their mortgage payments will be urged to call their lenders in a TV, radio, print and Internet public awareness campaign produced by NeighborWorks America and the Ad Council. The public service announcements urge homeowners in financial trouble to call a hotline maintained by the Homeownership Preservation Foundation, 888-995-HOPE. The announcements were paid for by lenders who stand to lose $30,000 on every mortgage on which they are forced to foreclose.
Source: NAR ®