Real Estate Foreclosure Process
The United States Department of Housing and Urban Development, often abbreviated HUD, is a Cabinet department of the United States government. It was founded in 1965 to develop and execute policy on housing and cities. It has largely scaled back its urban development function and now focuses primarily on housing.
The 203(k) program offers low-cost loans to allow low-income participants or nonprofit groups to buy and renovate a house.
What is Mortgage Discrimination?
Mortgage discrimination or mortgage lending discrimination is the practice of banks, governments or other lending institutions denying loans to one or more groups of people primarily on the basis of race, ethnic origin, sex or religion. One of the most notable instances of wide-spread mortgage discrimination occurred in United States inner city neighborhoods from the 1930s up until the late 1970s. There is evidence that the practice still continues in the United States today.
If you feel you are experiencing mortgage discrimination, then contact HUD or Matt lesko's eHomeSaver. They specialize in foreclosure law and regulations.
If you are trying to avoid foreclosure, read the HUD's "How to Avoid Foreclosure" PDF. It's very informative.
HUD is mainly helps families avoid foreclosure or they help low income families find affordable housing (usually foreclosures and government seizures.