HowToPreventForeclosureGuide.com Announces Launch of New Site for Homeowners in Foreclosure

San Francisco, CA (PRWEB) April 22, 2008 -- Homeowners can avoid foreclosure if they educate themselves about the process and act fast. They need to know that bankruptcy isn't the only solution. The new site HowToPreventForeclosureGuide.com (http://www.howtopreventforeclosureguide.com/) site provides homeowners information on the alternatives that are less drastic for stopping foreclosure.

There are resources on the web that are taking advantage of the mortgage crisis as an opportunity to profit from buying and selling foreclosed real estate. However, the mission of HowToPreventForeclosureGuide.com is to educate homeowners about the different options they may not be aware of to stop foreclosure (http://www.howtopreventforeclosureguide.com/).

The mortgage crisis our country is experiencing has exposed many of us to our fragile financial situation. Not every homeowner defaults on his or her mortgage for the same reasons. Therefore, homeowners must know and understand why their payments are late and select the appropriate solution available to manage their financial crisis and prevent foreclosure (http://www.howtopreventforeclosureguide.com/). Bankruptcy may not be necessary and it could harm a homeowner's credit for many years, according to Leroy Chan of HowToPreventForeclosureGuide.com.

"When homeowners worry about how they are going to save their homes and lack the knowledge about the foreclosure process, they may end up making hasty decisions that can cost more than the needless lost of their property," says Chan.

Chan has advice for anyone in foreclosure. He says homeowners should be cautious of unsolicited phone calls, direct mail and strangers knocking at their doors, claiming they can help them. These people may call themselves "loss mitigation consultants" or "foreclosure consultants." They charge fees for doing paperwork that the homeowner can do on their own and without a real guarantee of saving their homes.

"Homeowners can do certain things on their own, but there will be situations were they need professional help," says Chan. "The HowToPreventForeclosureGuide.com website informs homeowners of what they can easily do themselves and where to get legitimate foreclosure help (http://www.howtopreventforeclosureguide.com/) if they need it," adds Chan.

Chan also reveals something a homeowner should immediately do when they know they will be late making their monthly mortgage payments... And that is to talk about their financial situation with their lender or the servicer of their loan. Lenders can give homeowners a break if they see that the homeowner will do what's necessary to correct his or her financial situation and eventually pay back what they owe.

Homeowners who are in foreclosure or who are afraid that they will have problems keeping up with their mortgage payments can learn about their options by visiting the HowToPreventForeclosureGuide.com website. The site is giving away a free guide to help homeowners understand the foreclosure process. The guide also outlines the options that are available to avoid foreclosure (http://www.howtopreventforeclosureguide.com/).

About HowToPreventForeclosureGuide.com

The How To Prevent Foreclosure Guide site provides information for homeowners who are in foreclosure and want to avoid it. The site's mission is to educate and inform homeowners about the foreclosure process and of the solutions that are available to them. Anyone who visits the site can download a free complimentary version of their guide that explains what homeowners need to know about foreclosures.

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