24-Hour Hotline Available to Help Avoid Foreclosure

According to Sentinel Staff Writer Jondi Gumz, "A national survey released Monday by the AFL-CIO reports that 49 percent of homeowners with adjustable rate mortgages admit they do not know how their mortgage adjusts and 73 percent do not know how much their mortgage payment will be after the adjustment.

"'This survey shows that many homeowners simply are not prepared for the steep rise in mortgage payments that this market inflicts on ARM [adjustable-rate mortgage] holders,' said AFL-CIO President John Sweeney.

"To help union members, their parents and their children who are trying to avoid foreclosure, AFL-CIO officials have opened a 24-hour hotline staffed by Money Management International, a HUD-certified counseling agency."

The "Save My Home" hotline is at 1-866-490-5361

To read Jondi's article in its entirety, go to Union Homeowners Know Too Little About Their Mortgage Payment