| 1. Don't ignore the problem. 2. Contact your lender as soon as you realize that you have a problem. 3. Open and respond to all mail from your lender. 4. Know your mortgage rights. 5. Understand foreclosure prevention options. 6. Contact a HUD-approved housing counselor. 7. Prioritize your spending. 8. Use your assets. 9. Avoid foreclosure prevention companies. 10. Don't lose your house to foreclosure recovery scams. HUD's web page which gives a more-detailed explanation of each of these items. |
Options that may be available to borrowers who are unable to afford their mortgage payments and who wish to avoid foreclosure, and instructions to borrowers advising them on steps to take to explore those options.
United States Depatment of Housing and Urban Development (HUD) web site http://www.hud.gov/foreclosure/index.cfm |
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| Your Budget
Check Stubs Bank Statements Additional Income Info. |
Some of the financial documents which you may want to collect and be prepared to present to the mortgagee, beneficiary, or authorized agent when discussing options for avoiding foreclosure. | |
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| 866-339-0892 | If you wish to discuss options for avoiding foreclosure with your mortgagee, beneficiary, or authorized agent, then call the toll-free number at the left. | |
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| 800-569-4287
TTY 800-877-8339 |
The toll-free telephone number made available by HUD to find a HUD-certified housing counseling agency. |