Aug 25, 2008 11:32 am US/Pacific
Help If You Are Facing Foreclosure
(HUD)
WHAT TO DO
•
Contact your lender NOW! Many people avoid their mortgage lenders when money problems occur, but they can help. Most lenders have workout options and are willing to explore every possible option. The key is to contact them as soon as problems occur.
Many people avoid their mortgage lenders when money problems occur, but they can help. Most lenders have workout options and are willing to explore every possible option. The key is to contact them as soon as problems occur.
•
Stay in your home. You may not qualify for assistance if you abandon your property.
•
Talk to a Housing Counselor. U.S. Department of Housing and Urban Development (HUD) - approved housing counseling agency near you at
1-800-569-4287. They can help you assess your financial situation, prioritize your debts, determine your options and help you negotiate with your lender. They have information on services and programs that may help you. U.S. Department of Housing and Urban Development (HUD) - approved housing counseling agency near you at They can help you assess your financial situation, prioritize your debts, determine your options and help you negotiate with your lender. They have information on services and programs that may help you.
WHERE TO FIND HELP:
Homeownership Preservation Foundation's NeighborWorks National Housing Hotline
1-888-995-HOPE (1-888-995-4673)
"Tax Relief Options" Help Save My Home Relief options for FHA homeowners HUD National Servicing Center has more information on avoiding foreclosure
Read the
PDF version of the How To Avoid Foreclosure brochure
Providing Alternatives to Foreclosure Alternatives to Foreclosure
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