Practice Areas

Blog

News

Library

Testimonials

• "I sent this letter certified after receiving the free guide [from] Phillips & Garcia P.C. Saved Foreclosure. Thanks a million!" A.D. from Colorado
• After seeing first hand what you are up against concerning the big banking companies, we are even more amazed that you are willing to fight the fight. The little guy needs your help and your fearless attitude. You are good people and true Americans. We are honored to be called your friends. R.R. - Mich., Lockout & Trashout Victim
• The attorneys were very professional and I felt as though they always had my best interest in mind. Without them I would have been pushed around and just another number to the bank. N.L., Wrongful Lockout Victim
• Thank you Mr. Phillips. If we hadn't found you the [Bank] would have foreclosed on our property and I can't imagine the misery that they would have caused. S.N. - Arizona

View All

Breaking Legal News & Current Events

Federal Aid Package Aims to Prevent Home Foreclosure

March 30, 2010 - Washington, D.C. - Homeowners in several select states that have particularly high unemployment rates or more foreclosures than the national average may soon qualify for additional relief.                                               

According to Charlotteobserver.com, North Carolina will receive $159 million and South Carolina will get $138 million to help cope with the foreclosure crisis. The money is part of a $600 million federal aid package that was introduced on Monday by President Obama.

Experts say that while the first wave of home foreclosures in the United States can be attributed to people purchasing more than they could afford or predatory lenders who gave subprime loans to unqualified borrowers, many of the current home foreclosures are tied to the high level of unemployment in the country.

National foreclosure statistics show that there were 2.8 million filings last year, and there will likely be more than 3.5 million foreclosures this year.

Ohio, Oregon, and Rhode Island will receive federal funds as part of this foreclosure prevention package. Another federal aid package will grant $1.5 billion to states with particularly high foreclosure rates, including California, Arizona, Florida, Nevada and Michigan.

The money from these packages will go toward groups that help find affordable housing for state residents, offer counseling to struggling homeowners, and make mortgage payments for qualified borrowers while they look for jobs.

Of course, as great as these programs sound, they don't address the national crisis of wrongful bank foreclosure, wherein banks and lenders wrongfully foreclose on homeowners' property. This can include instances in which lenders refuse to work with homeowners to lower mortgage payments, or simply foreclose on the wrong property.

The Massachusetts wrongful foreclosure attorneys at Phillips & Garcia will fight for your rights in your foreclosure case. We are committed to protecting your best interests and your family's home and helping you collect the damages you need and deserve to move on with your life. Contact Phillips & Garcia today to schedule your FREE legal consultation - (877) 892-5620.

back to top

Legal Help for Wrongful Foreclosure and Seizure in Any State.  Phillips & Garcia, P.C., a leading law firm in wrongful foreclosure and seizure cases, is now taking cases in any state where there has been a wrongful foreclosure, lock-out and trash-out of a borrower's home.  We are licensed in Massachusetts and associate with a qualified attorney in your state. 

Videos

Contact Information

Free Book

FAQs