The beautiful and historic Black Hills, the native American festivals, Crazy Horse Monument, Mount Rushmore and some of the best hunting in the world. South Dakota, along with the rest of the country is suffering from a blight of foreclosures, with home prices down, unemployment up and foreclosures steadily rising across the midwest and across the country.

What can you do to save your South Dakota home, and what does South Dakota government mortgage help offer you to save your home from foreclosure? The answer is that South Dakota has recognized the need for mortgage assistance in the state and offers several programs of their own, in combination with the HUD and other Federal approved home mortgage foreclosure assistance programs. Keeping your home in South Dakota is important to you and in fact to the state that you live in. Your participation in the government, the taxation and the employment process is a bonus that your state doesn’t want to lose. It is in their best interests to make it as easy as possible for you to keep possession of your home.

South Dakota keeps and maintains a government web site geared toward helping you to buy a home, to prevent foreclosure on your home or to gain more information about the home buying or home foreclosure processes. They offer counselors who will help you to find ways to keep your home if it is possible. Some of the methods that South Dakota promotes and offers are housing counseling, foreclosure mitigation, refinancing options, and deferring payments. South Dakota Home Ownership Education and Assistance council web site is filled with resources and information that you can use to help you find ways to keep your house in South Dakota.

South Dakota’s HOPE NOW web site also offers further information and links to resources that you can use to assist you in your efforts to keep your South Dakota home safe from foreclosure.There is a foreclosure or home mortgage modification qualification tool that permits you the opportunity to assess your own worth for a new financing with the HOPE NOW program. Additional tools that you will find on the HOPE NOW site are a drop down list of mortgage lenders from whom you can select and contact them on the web site, using a tool that the HOPE NOW site counselors can offer to you.

This assures that you initiate and stay in contact with your mortgage lending company so that you’re both on the same page about your wishes to refinance, to defer, to get help with taxes or simply to take any advantageous step that you can to assure that our South Dakota home remains in your own hands.

In addition to the South Dakota Government mortgage help, there are also a wide array of federal government plans and aids that you can get to assure that you stop the foreclosure on your South Dakota home. HUD, the HOUSING AND URBAN DEVELOPMENT programs are great tools that give you wonderful counselors and programs to help you. The HUD GUIDE TO AVOIDING FORECLOSURE is a superb tool that can put you in touch with other resources around the state that may be able to help you with deferring taxes, counselors who offer you free counseling to prevent your mortgage foreclosure and agencies that are willing to refinance your mortgage and get your payments back into an area that you can afford to pay. HUD works with FHA as well as many other mortgage lenders and will contact then on your behalf and worki with them to arrange new means for you to keep your home.

There are pitfalls along the way. Things that you are going to need to be careful of and people that you need to watch for when you are facing foreclosure processes. Companies and individuals will find ways to take advantage of your situation so you need to watch carefully and pay close attention to these details, provided by HUD and other cooperating agencies. The Federal Trade Commission says that making sure that your refinancer and new lender, as well as those who offer to help you are trustworthy and can really do the things that they say. Guard against being taken advantage of in your foreclosure dealings by reading the NOTE TO HOMEOWNERS from the FTC.

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