FORECLOSURE PREVENTION PROGRAM
STEP 1: Register for and attend a free Understanding & Preventing Foreclosure WorkshopUnderstanding & Preventing Foreclosure Workshops
- How to fill out a hardship application
- Settlement Conferences
- How to work with your bank
- Filing a pro se answer
- Financial fitness and your budget
- Short sale, deed in lieu and modification
- You fall behind on your mortgage or tax payments
- Signing with a private lender or investor
- Signing up for a "program" that claims to make payments for you
- Taking out another loan
- Selling your home
STEP 2: Foreclosure Prevention Counseling
After you have attended an Understanding & Preventing Foreclosure Workshop, you can schedule a one-on-one appointment with a foreclosure prevention counselor and a legal representative from Hiscock Legal Aid Society who will review your personal financial situation, discuss your options, and help you prepare your hardship application if necessary.
What you can expect from the HomeOwnership Center's foreclosure prevention counselors:
- Straight talk – sometimes solutions are hard and often mean lifestyle changes and crisis budgeting.
- Review – a hard look at your whole financial picture including income, expenses and spending habits.
- Guidance – help sorting through financial issues and exploring solutions which may include modifying or refinancing your mortgage, restructuring your debt or obtaining a special forbearance. On occasion selling your house may be your best option.
- Information - about the foreclosure process so you will be prepared and know what to expect.
Items you will need:
- One month of pay stubs or proof of all other household income
- Monthly billing statement from your lender
- A copy of the deed to your property
- A copy of your photo ID
- Most recent letter from your mortgage company and/or attorney
- Bank statements for all accounts
- Supporting documentation of your hardship (medical bills, emergency repairs, etc.)
A counselor can help:
- Create a budget that will work for you
- Answer questions about the foreclosure process
- Develop an action plan to help repair credit problems
- Advocate on your behalf
- Assist you in resolving your delinquent mortgage status
- Refer eligible customers for legal assistance
How can you avoid foreclosure?
- Complete and submit necessary documents in a timely manner
- Continue to save money towards a possible resolution of your mortgage
- Maintain a steady source of income and employment
- Stick to a budget
- Don't give up hope
Foreclosure Prevention Forms
Click on the document name below to download a PDF