1. Helping Americans
2. Avoiding Foreclosure
Avoiding Foreclosure
reference.com
On This Page
Are You At Risk of Foreclosure?
Tips for Avoiding Foreclosure
When a Loan Provider Won't Work with You
Related Information
Speak to a HUD-Approved Housing Counseling Agency
FHA Loss Mitigation Services
There are a number of programs to assist property owners who are at threat of foreclosure and otherwise having a hard time with their regular monthly mortgage payments. Please continue reading for a summary of resources offered.
Please check out FHA's brochure, "Save Your Home: Tips to Avoid Foreclosure," likewise published in Spanish, Chinese and Vietnamese.
Contact Your Lender
If you are experiencing difficulties making your mortgage payments, you are motivated to call your loan provider or loan servicer directly to ask about foreclosure prevention choices that are available. If you are experiencing trouble interacting with your mortgage lending institution or servicer about your need for mortgage relief, there are organizations that can help by calling lending institutions and servicers in your place.
Assistance for FHA-Insured Homeowners
The Federal Housing Administration (FHA), which belongs of the U.S. Department of Housing and Urban Development (HUD), is working strongly to stop and reverse the losses represented by foreclosure. Through its National Servicing Center (NSC), FHA uses a variety of numerous loss mitigation programs and informative resources to help FHA-insured house owners and home equity conversion mortgage (HECM) debtors dealing with financial hardship or unemployment and whose mortgage is either in default or at threat of default.
Click on this link to log onto the NSC Loss Mitigation Programs web page.
Click on this link for responses to Frequently Asked Questions about FHA's loss mitigation programs.
Contact FHA
FHA personnel are readily available to assist answer your questions and assist you to better understand your alternatives as an FHA borrower under these loss mitigation programs. There are several ways you can get in touch with FHA for additional information, consisting of:
- Call the National Servicing Center at (877) 622-8525
- Call the FHA Outreach Center at (800) CALL FHA (800-225-5342).
- Persons with hearing or speech impairments might access this number by means of TTY by calling the Federal Information Relay Service at (800) 877-8339.
Email the FHA Resource Center.
The Online FHA Resource Center.
Are you at threat of foreclosure and losing your home?
Foreclosure doesn't happen over night
Have you missed your house payment?
Look for a HUD-approved housing counselor, or.
- Call toll free (800) 569-4287 to find a housing counselor near you, or.
- Call the Homeowners Hope Hotline at (888) 995-HOPE.
Haven't missed a house payment yet, however scared you might?
Has your monetary scenario altered due to a mortgage payment increase, loss of job, divorce, medical costs, boost in taxes or other factors?
- Is your credit card financial obligation becoming unmanageable?
- Are you using your charge card to buy groceries?
- Is it becoming tough to pay all your monthly costs on time?
If it's ending up being harder to make your house payment monthly:
Contact a HUD-approved Housing Counselor, or.
- Call toll totally free (800) 569-4287 to find a housing counselor near you.
- Read our Tips for Avoiding Foreclosure.
Few people believe they will lose their home
1
Are you at Risk Of Foreclosure?
Rodrigo Gregory edited this page 4 weeks ago