Foreclosure at Christmas

Posted on December 29th, 2007 by saman

Christmas is a time for giving and receiving gifts, a time when family is supposed to come together. On the odd occasion Christmas to some people, is none of those wonderful things. It can be for some a time of loss and despair. Some people, instead of facing a happy family Christmas are facing foreclosure instead.

Some people at Christmas have to think about where they are going to live and what exactly they are going to do when foreclosure takes away everything they have worked so hard for. There are a reported number of over 200 families or people who own houses who were looking at the prospect of foreclosure in Boston just this year alone. With rates currently rising and no sign of slowing down anytime in the near future, this reported sum is surely set to rise and keep rising.

There is hope however with the small place not well known yet as the Boston Home Center. The Boston Home Center is a non profit service which provides people and families facing forclosure with a little ray of sunshine in the form of providing counseling. The Boston Home Center is also available for what is known as a lender-liason service. It was initially founded and created by Mayor Thomas M. Menino. Menino decided that something needed to be done to help the people facing foreclosure with a program that deals with the intervention of foreclosure.

The said program was devised with the problem of foreclosure in mind and to try and tackle the rising numbers of houses facing foreclosure in Boston. Running a hotline for the people in need (617-635-HOME), provides the people calling with a friendly ear and a helpful solution. The program also has the ability to liase with mortgage lenders or loans providers directly to try to find a solution for the home owner in need.

The centers main problem is actually getting people to call or come into the center for help. People who are running the risk of losing their house through foreclosure are more often than not, reluctant to come forward to help. The people facing losing their houses are more likely to bury their heads in the sand and hope it all goes away. Of course this is not the case. The center is there to help people with difficulties paying their mortgages or loans, and the earlier something is done to help, the quicker and easier it is to sort out.

With rates rising and general wages not going up to match the rate rises, people who before could meet their mortgage payments easily and manage quite well, are now facing sometimes up to $1,000 extra onto their monthly payments. This is why so many houses are now in the threat of being foreclosed. Families are in particular danger as with the expense of bringing up children, schools, clothes, toys, Christmas, instead of being able to spend money on Christmas presents for the children they are facing life without a house.

So if your in Boston and you are facing foreclosure, instead of pretending the problem does not exist, speak to the people at the Boston Home Center and start the road to recovery now. A house is not just for Christmas.