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Pre-Foreclosure Counseling
WHY CHOOSE US?
WE WORK TIRELESSLY TO ASSIST YOU IN AVOIDING FORECLOSURE
Homeowners facing foreclosure need to know what options are available to them. The path to foreclosure is determined by state law. However, homeowners are also protected under federal consumer protection laws and may have options for avoiding foreclosure depending upon the mortgage lender.
Foreclosure prevention counseling can help homeowners:
Understand the Foreclosure Process
Don't get caught off guard if you're a homeowner who's behind in mortgage payments. Learn about each step in a foreclosure, from missing your first payment to a foreclosure sale. Once you understand the process, you can make the most of your situation and, hopefully, work out a way to save your home or at least get through the process with as little anxiety as possible.
Identify Available Options for Avoiding Foreclosure
Loan Reinstatement, Repayment Plans, Forbearance Agreement, Loan Modifications, Refinancing, Bankruptcy, etc are all options you can assess. Our counselors will help you understand the pros and cons to each option, and will walk you through the process of your choice.
Provide Advice and Resources to Help Decide on Alternatives
Whether your intention is to keep your home, or you would like to explore liquidation options, we have the experience and knowledge to assist you in deciding on your best option.
Understand Homeowner Protection and Rights
Under federal mortgage servicing laws, the servicer must contact, or attempt to contact, you by phone to discuss loss mitigation options, like a loan modification, forbearance, or payment plan, no later than 36 days after you miss a payment and again within 36 days after each following delinquency. No later than 45 days after missing a payment, the servicer has to inform you in writing about loss mitigation options that might be available and appoint personnel to help you try to work out a way to avoid foreclosure. This process can be a little intimidating, but we are committed to guiding you through it.
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