More than half of borrowers who have missed mortgage payment deadlines remain unsure of ways to avoid foreclosure. However, a recent report indicates that the percentage is falling. Research from government mortgage buyer Freddie Mac said that 57% of late-paying borrowers are unaware of foreclosure alternatives offered by their lenders.

That percentage was down from the 61% reported in the first Freddie Mac/Roper survey in 2005. Efforts to get borrowers to call lenders and counselors are starting to work, yet too many at-risk borrowers are still unaware their servicers routinely provide alternatives.

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