Foreclosure Prevention

If you are behind on your monthly bills, including your mortgage, we offer free and confidential financial counseling assistance. As soon as you realize that you are going to have trouble making your mortgage payments, contact your lender and tell them about your financial difficulties. Do not stop paying your bills, and do not wait until you cannot make payments before you act. The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house. One of your first steps will be to seek debt counseling. 

There are a few options available to aid you in keeping your home. With a repayment plan your lender may agree to allow you to make regular monthly mortgage payments, plus an additional amount which can extend from 2 to 18 months. A repayment plan may be a good choice if you were unemployed for a period of time but now have a job. Forbearance may be a good option if you will be able to resume making payments by a specific date, and will have income to support repayment. Lastly, refinancing your mortgage allows you to pay off your existing mortgage and take out a new mortgage on new terms.

By Reviewing your current income, living expenses, savings, and debts we can Help you understand your options and possible solutions to your financial challenges. Our counselors will analyze your most recent pay stubs, tax returns, bank statements, credit card bills, monthly mortgage statement and any utility bills and car payments to better assess your options for avoiding foreclosure, which could include a loan modification or another borrower assistance program. Seeking aid immediately and being honest about your situation will help your counselor better understand your financial position so he or she can assess possible options for you. 

Please call us today at 817-484-0212 to speak to us about our foreclosure prevention services.