HUD Foreclosure Assistance
To know which options you should pursue, your foreclosure and housing advisor will need as much information about your financial situation as possible. The advisor will advocate for you by working with your mortgage company on your behalf.
You Will Need To Get All Your Documents Together
They will need documented information about your loan, financial situation, and prospective income. This includes letters from the banks or from attorneys. The more documentation you can provide, the more thorough your counselor can be in finding the best solution for your situation.
Benefits of Using a Housing Counselor
There is no charge to work with a HUD-approved counseling agency. Expect to spend time gathering all the loan and mortgage documents as well as other information your counselor requests from you.
- A housing counselor can provide a range of services, including:
- Identifying mortgage assistance options that are suitable for your situation.
- Helping you create a budget that supports your mortgage and other expenses.
- Providing information about local resources that may also be helpful to you.
- Explaining the required documents and, in many cases, submitting those documents to your mortgage company on your behalf.
Contact A HUD-Approved Foreclosure Avoidance Counseling Center In Your State
Source: HUD.gov
