FDIC to Combat Foreclosures with Brochures

September 17, 2009 No Comments »


Watch out foreclosures, the FDIC has launched a new “Foreclosure Prevention Tool Kit” to put you in your place.

That’s right; brochures like “Is Foreclosure Knocking at Your Door?” and “Beware of Foreclosure Rescue Scams” are making the rounds, available both online and in print.

Aside from pointing out the obvious, they encourage homeowners to contact Hope Now to get a loan modification, noting that “your servicer wants to help.”

That doesn’t seem to be the sentiment shared by disgruntled homeowners, but wait, there’s more.

If that’s not enough, the spring 2009 edition of FDIC Consumer News should put out the fire.

But just to be sure, the “Your Own Home” module of the FDIC’s Money Smart Curriculum is also being released, packed with tips and advice on avoiding foreclosure.

The tool kit and other “helpful resources” are available on the FDIC’s website; could this be the end of foreclosures as we know it?

The FDIC said it continues to work with banks and community-based consumer organizations to stamp out foreclosure “rescue” scams, especially in underserved neighborhoods.

It has also called on consumers to report questionable activities to their loan servicers and appropriate state and federal authorities, including the FTC and state attorney generals.

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