As the amount of foreclosures and mortgage payment delinquencies continues to increase by the day, many professionals are beginning to spring into action to try and stop these problems from getting worse than they already are.

Now some lenders are actively working to help homeowners with their mortgages if they are having trouble making the payment; or fear they may have trouble making it in the near future.

What many people who are in these terrible situations do not realize is that if they just sought help at the first sign of financial struggle, foreclosure could almost definitely be avoided.

Banks and lenders do not want to take anyone’s home.

They would much rather see a homeowner make their payments consecutively, on time every month than go through the hassle of having a loan go bad.

A recent article posted on Yahoo.com by Ellen Simon of The Associated Press, “Mortgage pros scramble to modify loans,” discusses how lenders are stepping up to the plate to help homeowners out of bad situations so they can keep their homes.

“As home foreclosures mount, mortgage companies are knocking on doors, sending letters and making phone calls with a simple message for struggling homeowners: They'd rather modify your loan than foreclose.”

A huge lender is making strides to help people out without them even seeking for help. “EMC Mortgage Corp., which has a $78 billion loan portfolio that includes subprime loans made to homeowners with weak credit, this week launched a 50-person team it calls ‘the Mod Squad.’ Members will spend an unlimited time on the phone with troubled borrowers, sifting through their bills to compute a workable monthly payment. In an industry that often rewards workers for getting off the phone quickly, the team is preparing to speak to just three people a day.”

Now that the word is getting out that lenders are willing to modify a loan so that the homeowner can make a payment, hopefully more people will begin to do seek help if it doesn’t come to them first.

“Advocates say that half the people in foreclosure never talk to their banker before losing their house, and many could rework their loans if they only got help. ‘It's tragic,’ said Colleen Hernandez, president of the nonprofit Home Ownership Preservation Foundation. ‘We have the capacity to help a whole lot more people.’”

“Calls to her group have picked up markedly. Its 24-hour hotline, (888) 995-4673, is getting 300 calls a day, from 75 daily in the first quarter of 2006.”

Now that the information about loan modification is becoming more prevalent, hopefully any homeowner in danger of being unable to pay their mortgage will reach out and get help before it is too late.