Middle Class Homeowners With Good Credit Seeking Foreclosure Help

By: Alicia Schuller, Marketing Coordinator, NHS of Baltimore

As we all know, 2008 and 2009 have been particularly hard years for homeowners. Families and individuals alike are finding it difficult to make ends meet and are struggling to make their mortgage payments.

NHS of Baltimore has experienced such a high demand for foreclosure and delinquency counseling, that we've had to book appointments as much as two weeks out. So far this year, we have counseled 204 households that are either behind on their payments or have received a notice of intent to foreclose from their bank.

The more astonishing detail is that our counselors are now seeing an influx of middle income people looking for assistance. "In the beginning, I mostly counseled lower income people who were facing foreclosure due to re-adjustable interest rates that they couldn't afford," said Homeownership Counselor, Michelle McKiver. "Now I am seeing more middle income people who can't pay their mortgage due to loss of or reduction in income. Their financial situation has changed, and they just don't have the money."

So far this year, NHS of Baltimore has successfully saved 53 families and individuals from foreclosure. We strongly recommend homeowners seek counseling the moment they think they might be late on their mortgage payment- and the sooner the better!