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Foreclosure Prevention Facts
FORECLOSURE PREVENTION FACTS
Mortgage Payments Sending You Reeling? Here’s What to Do.
The possibility of losing your home because you can’t make the mortgage payments can be terrifying. Perhaps you are one of the many consumers who took out a mortgage that had a fixed rate for the first two or three years and then had an adjustable rate. Or maybe you’re anticipating an adjustment, and want to know what your payments will be and whether you’ll be able to make them. Or maybe you’re having trouble-making ends meet because of an unrelated financial crisis.
If You Are Behind On Your Payments.
You don’t have to go through the foreclosure prevention process alone. An ACCAP Foreclosure Prevention Counselor can help assess your situation, answer your questions, go over your options, prioritize your debts, and help you with discussions with your loan servicer. Housing counseling services are provided at no cost and we will not try to sell you anything.
Be Alert to Scams.
Scam artists follow the headlines, and know there are homeowners falling behind in their mortgage payments or at risk for foreclosure. Their pitches may sound like a way for you to get out from under, but their intentions are as far away from honorable as they can be. They mean to take your money.
The typical loan servicing options considered by the lender are:
Reinstatement.
Repayment plan
Forbearance
Loan modification
ACCAP foreclosure prevention counselors understand what loan servicers are looking for in the application for forbearance. It is extremely important that you seek counseling and take action early. Let an ACCAP Counselor assist you in evaluating your options so the best possible outcome can occur!
Call today! Call out hotline at 763-783-4880 and leave your name and a good call back number where you can be reached. A Counselor will call to schedule a personal appointment and to gather some preliminary information so we can get started on evaluating your options.
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