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
~Please note: In Madison County, the February 18th workshop will be held at the Canastota Public Library, 102 West Center Street, Canastota, NY 13032.
STEP 2: Foreclosure Prevention Counseling
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