If you face the risk of foreclosure, or are currently behind on your mortgage payments, there are resources available to help you stay in your home. I encourage you to contact your lender as soon as you anticipate difficulty making your mortgage payments, and/or use the government resources explained below for assistance. Please don't hesitate to contact my office for help.
The HOPE NOW Alliance:
The HOPE NOW Alliance is available 24 hours a day, 7 days a week to help those who are struggling to keep up with their mortgage payments.
By calling 888-995-HOPE, you can receive personal, confidential counseling about your particular housing concerns. HOPE NOW provides this service completely free of charge. Your call will go straight to a professional counselor who will work on possible solutions, such as refinancing into a new mortgage, moving into an FHASecure-insured loan, or freezing your current interest rates for five years.
Also, by calling the HOPE NOW hotline, you can receive free, in-person expert foreclosure prevention and financial counseling services at local agencies approved by the Department of Housing and Urban Development (HUD).
Phone Number: 888-995-HOPE
Website: www.hopenow.com
FHASecure Program:
If your interest rate is already too high, or if you have a non-FHA adjustable rate mortgage (ARM), have good credit and have been making timely payments before your loan reset, but are now in default, call 1-800-CALL-FHA. FHASecure is a refinancing option that can give you a second chance to refinance into an FHA-insured loan product. An FHA-insured mortgage will result in lower monthly mortgage payments.
Phone Number: 1-800-CALL-FHA
Email: hud@custhelp.com
Website: http://www.hud.gov/news/fhasecure.cfm
Project Lifeline:
Project Lifeline is a plan that can help you “pause” foreclosure for 30 days while you work with your lenders. Project Lifeline targets seriously delinquent homeowners – 90 days or more – who face the greatest risk of losing their homes, regardless of the type of loan. These homeowners will receive a letter from Project Lifeline with the initial steps that must be taken within 10 days of receiving the notice. If you receive a letter, I encourage you to contact your mortgage servicer immediately.
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