MORTGAGE ASSISTANCE
TIPS FOR AVOIDING FORECLOSURE
Are you having trouble keeping up with your mortgage payments?
Have you received a notice from your lender asking you to contact them?
Don't ignore the letters from your lender Contact your lender immediately
Contact a HUD-approved housing counseling agency
Toll FREE (800) 569-4287TTY (800) 877-8339
If you are unable to make your mortgage payment:
Don't ignore the problem
The further behind you become.
The harder it will be to reinstate your loan and the more likely that you will lose your house.
Contact your lender as soon as you realize that you have a problem.
Lenders do not want your house. They have options to help borrowers through difficult financial times.
Later mail may include important notices of pending legal action.
Your failure to open the mail will not be an excuse in foreclosure court.
Open and respond to all mail from your lender.
The first notices you receive will offer good information about foreclosure prevention options that can help you weather financial problems.
Know your mortgage rights.
Find your loan documents and read them so you know what your lender may do if you can't make your payments.
Learn about the foreclosure laws and timeframes in your state (as every state is different) by contacting the State Government Housing Office.
Use your assets.
Do you have assets--a second car, jewelry, a whole life insurance policy--that you can sell for cash to help reinstate your loan?
Can anyone in your household get an extra job to bring in additional income?
Know your mortgage rights.
Find your loan documents and read them so you know what your lender may do if you can't make your payments.
Learn about the foreclosure laws and timeframes in your state (as every state is different) by contacting the State Government Housing Office.