Owning a home is the primary means by which low-income Americans build long-term assets and increase family wealth. In recognition of those benefits, federal policy has encouraged low-income homeownership, which has climbed to 46 percent. Yet for all of its benefits, maintaining a home over the long term presents special challenges, especially for families with low or unstable incomes, little savings, minimal experience with mainstream financial institutions, or a home in need of extensive repairs. Foreclosure prevention strategies are vital to sustaining homeownership for low-income families.
NCLC Special Reports and Press Releases
- New NCLC Model State Foreclosure Rescue Scam Statute
Overview Memo )
- Testimony before House Financial Services Committee regarding on Accelerating Loan Modifications, Improving Foreclosure Prevention, and Enhancing Enforcement, December 6, 2007
- Testimony before the Subcommittee on Housing and Community Opportunity regarding Foreclosure Prevention and Intervention: The Importance of Loss Mitigation Strategies in Keeping Families in Their Homes, November 30, 2007
- Report: Dreams Foreclosed: The Rampant Theft of Americans' Homes Through Equity-Stripping Foreclosure 'Rescue' Scams, May 2005
Press Release
Background Information and Resources
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NCLC Resources
Foreclosures with CD-Rom
Foreclosure Prevention Counseling with CD-Rom
NCLC Reports
Debt Collection and Foreclosures
Help NCLC make a difference
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