State Program Saves Homeowners From Foreclosure

Thousands of people have gotten help preventing foreclosure thanks to a state program in its first year.

The N.C. Office of the Commissioner of Banks, NCCOB, said Monday, the program saved 2,500 owners from losing their homes, and 5,000 other homeowners have gotten free advice and assistance from non-profit housing counselors in the year since the program started. The NCCOB estimated that avoiding foreclosures on these homes has prevented property value declines and financial system losses of about $218 million. Foreclosure filings in North Carolina are up this year from job loss and hard economic times, but NC has one of the lowest rates in the country, according to Realty Trac.

Homeowners who would like help from the State Housing Foreclosure Protection Program can receive it free over the phone by calling 1-866-234-4857. In addition, homeowners can meet with a local counselor directly. A full list of counselors and more information can be found at

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  • by Clifton Location: Washington on Dec 24, 2009 at 04:14 AM
    How many Americans called these type of numbers last year hoping for a way to save their homes and all they got was a recording telling them to "leave a message and we will get back to you", and never got a return phone call. Even after REPEATEDLY calling for help, never got any help and lost their home. If these people are going to help people losing their homes now, why not go back and find the FORECLOSED homes and put those people back in their homes. TALK! TALK! TALK! TALK! TALK! That's basically all it is. TALK!
  • by US citizen for now Location: Washington on Dec 22, 2009 at 08:05 AM
    United States Tax Payers Save Homeowners From Foreclosure! shouldn't the headline be this? Homeowners should all take steps to insure their survival in case the economy declines. Don't bite off more than you can chew. Focus on your needs more than your wants.
  • by Anonymous on Dec 22, 2009 at 05:19 AM
    By looking at the pages of foreclosures in the paper, it does not look like they are helping many.
  • by unknown on Dec 22, 2009 at 03:37 AM
    Yes they help some but they sure don't everyone that needs it. They say oh you make to much money. Well when we loose the house see what they say then. I guess we all know who really got the help.

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