options for keeping your home
Confronting the Problem
If you’re having trouble paying your mortgage, contact with your lender is just the first step to avoiding foreclosure. Which of these other strategies is wise?
- Locate and review your loan documents.
- Open and respond to any mail you receive from the lender.
- Contact a HUD-approved housing counselor.
These actions ALL make sense. Early correspondence from your lender may include information on foreclosure prevention options. Later mail may include important notices of pending legal actions. Your loan documents describe what your lender may do if you can’t make payments and will help you determine your mortgage rights. HUD-approved housing counselors like Guidewell Financial Solutions offer free advice to help you examine the available options and make better informed decisions.