Whatever the reason, you’re not alone and you do have options!
If you can’t make monthly mortgage payments, help is available if you are willing to tackle the problem head on. Get advice from a housing counselor for free! Counseling is provided free of charge by nonprofit agencies that partner with the Federal Government – there is no need to pay a private company for these services!
To find a counselor, visit Department of Housing and Urban Development for the list, you can look through and narrow by zip code to find the closest location.
If you miss a payment, don’t ignore it – your mortgage provider will notice and take action. Your credit rating will be damaged, and even worse, your lender may start to put repossession proceedings in place. Contact your lender as soon as you know you will have trouble meeting a payment.
The help you need is available at no cost to you from your servicer, or through a HUD-approved housing counseling agency. Foreclosure scammers might tell you they’ll save your home from foreclosure, when they’re just taking your money! Watch for these scam warning signs: • You’re asked to pay upfront for help. • The company guarantees it will get the terms of your mortgage changed. • The company guarantees you won’t lose your home. • You’re asked to sign over title to your home or to sign other documents you don’t understand. • You’re instructed to send your payment to someone other than your mortgage company or servicer. • The company offers to do a forensic audit. • You’re told to stop paying your mortgage. • The company says they’re affiliated with the government or uses a logo that looks like a government seal but is slightly different.
For more information or if you need help!
