Since the meltdown in the real estate markets and the increasing foreclosure rates, several new websites have popped up offering free foreclosure help and marketing self-help packages and programs. Many of them do not describe much of the contents of their products, but similar ones have been around for years. They almost always consist of some sort of self-help package, with forms and instructions designed go guide homeowners along the path of avoiding foreclosure in several different methods.

For homeowners who want to try to stop foreclosure on their own, they can do a lot worse than buying a product that will guide them through some of the steps in the legal process. Several of these products also offer worksheets to help homeowners evaluate what options they may qualify for, as well as form letters that can be customized for a variety of purposes. These might include working with the mortgage company, explaining the foreclosure when applying for a new loan, or requesting the sheriff sale be postponed for a period of time.

Homeowners should not expect magic from any product or source of foreclosure help, though, unless they are willing to put in the hard work necessary to save their homes. Stopping foreclosure is not easy, it takes time, and the other parties in the process (banks, attorneys, courts, and so on) may not be entirely receptive. If the foreclosure victims pay for the self-help package, and then fail to follow the guides or instructions, there is a strong possibility they will lose the home, regardless of what products they have purchased. Unfortunately, when homeowners are unable to prevent foreclosure, they blame the product itself, rather than their efforts in putting it to its most effective uses.

Homeowners who are serious about saving their homes on their own could also probably find mostly similar documents that are used in the foreclosure help packages for free through various sources online, as well. Many websites now offer form letters, worksheets, and simple calculators to help foreclosure victims examine options that may be used to stop foreclosure. Of course, finding these tools online through many sources would extra take time to do the research, put together form letters and worksheets to match the situation, and would generally involve more work than just buying a kit, which has all of the information centrally located. But in either case, the homeowners will have to work with the information and their banks in order to make the most effective use of any program.

Many of these self-help packages are often relatively cheap, costing less than a few hundred dollars -- some even cost much less than $100, which causes some homeowners to suspect they will not be getting much for their money. But a low price does not necessarily mean the products are of low quality; instead, the relatively cheap price should indicate that working out the solutions to foreclosure will be entirely in the hands of the foreclosure victims, who will be solely responsible for putting in the work to save their homes. The owners do all of the work in negotiating with the bank or finding alternate sources of assistance, with minimal guidance from the providers of the information.

If they are expecting to have their hands held and for someone else to contact the mortgage company for them after paying for a self-help package, then they may be better off hiring a professional loss mitigation company or bankruptcy attorney. But if the homeowners really are willing to work on finding a solution on their own with the kit and some extra background information, then this solution can be very cost-effective in providing them with extra options to save the house.

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