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Foreclosure Prevention Public Service Campaign Kicks Off in July

July 5, 2007


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 ®

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