Springboard helps formerly distressed borrowers get back on track

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Lending Springboard helps formerly distressed borrowers get back on track firm qualifies as HUD-approved housing counselor for innovative program

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The grants will be used to help HUD-approved agencies counsel consumers on things like buying a first home, finding affordable rental housing, obtaining a reverse mortgage or avoiding foreclosure of.

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We are pleased to know that we will have the resources necessary to assist even more homeowners in distress," added Emerson. Borrowers who need help saving their home from foreclosure are encouraged to contact Springboard by dialing (800) 431-8456, or to find a certified housing counselor online by visiting homeownership.org.

Counselors provide borrowers with a customized action plan that reflects household budgets and shows borrowers how they can meet their financial obligations to prevent default again in the future. Source: "Springboard helps formerly distressed borrowers get back on track," HousingWire (Nov. 19, 2013)

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Order Back issues; editors’ choice awards. Springboard helps formerly distressed borrowers get back on track. Borrowers who suffered significant financial hardships in recent years are not.

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"Springboard’s work on this critical project helped me refocus my time to be able to think strategically and less about process. The operational improvement gave me the freedom to get this important initiative done. We enjoy your no-nonsense approach that keeps us on track and on time."

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