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Bookmark or Share- Foreclosure Tips | HUD.gov / U.S. Department of Housing and Urban ...Avoid foreclosure prevention companies. You don't need to pay fees for foreclosure prevention help--use that money to pay the mortgage instead. Many for-profit companies will contact you promising to negotiate with your lender.
- Talk to a Housing Counselor | HUD.gov / U.S. Department of Housing and ...If you are facing foreclosure and want the assistance of a housing counselor, search the list of Foreclosure Avoidance Counselors or visit the Making Home Affordable program Q for Borrowers. If you would like to talk to a reverse mortgage counselor, please search here .
- FORECLOSURE | HUD.gov / U.S. Department of Housing and Urban ...FORECLOSURE. Facing Foreclosure. You worked hard to save and purchase a home - but financial hardships can happen to anyone and now you've fallen behind so your lender has decided to foreclose. Your first step now should be to contact a HUD-approved housing counseling agency.
- Avoiding Foreclosure | HUD.gov / U.S. Department of Housing and Urban ...Homeowners can lower their monthly mortgage payments and get into more stable loans at today's low rates. And for those homeowners for whom homeownership is no longer affordable or desirable, the program can provide a way out which avoids foreclosure.
- HUD FHA Reverse Mortgage for Seniors (HECM)The HECM is the FHA's reverse mortgage program that enables you to withdraw a portion of your home's equity to use for home maintenance, repairs, or general living expenses. HECM borrowers may reside in their homes indefinitely as long as property taxes and homeowner's insurance are kept current.
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