Overview

By learning the mortgage foreclosure process, you’ll better understand your options on how to stop foreclosure, avoid it or make it through with your dignity and finances still intact. Our counselors will assess your situation and help you decide what is best for your specific situation. To get started send us a message or visit homeownership.org to learn more.

Content

Foreclosure Prevention

If you are behind on your mortgage or rent payments or you anticipate not being able to make consistent housing payments, let us help. A housing counselor will address your present financial situation and provide you with expert suggestions and options, such as:

  • Education on the possible consequences of foreclosure
  • Achievable and affordable repayment plans
  • Forbearance Agreement
  • Modifications/Extension
  • Refinance/Rewrite Option
  • Possible sale of the home
  • Pre-Foreclosure Sale
  • Deed in Lieu of Foreclosure

Foreclosure prevention counseling is available in person or by telephone.

Housing FAQ

How can credit.org help me with my housing problems?

Credit.org is a Housing and Urban Development (HUD) approved housing counseling agency. We offer confidential counseling with solutions to your financial situation. Our housing counseling services include:

  • Homebuyer Certificate Education (HUD, Freddie Mac & Fannie Mae approved)
  • Rental Counseling
  • Mortgage Default/Foreclosure Prevention & Rental Default/Eviction Counseling
  • Reverse Mortgage Certificate Education

Can credit.org help me with foreclosure problems?

Your home is your most valuable property. If you are past due on your mortgage payments and wondering how you’re going to “catch up,” our counselors can help. Credit.org is a HUD-approved housing counseling agency. Our counselors are certified by the National Foundation for Credit Counseling and we can help you explore all possible ways to save your home in a confidential counseling session. Our counselors will:

  • Help you determine the reason for the default.
  • Review your income vs. your living expenses and debt repayment.
  • Review your consumer debt and make suggestions on how to minimize monthly payments.
  • Make suggestions on default options.
  • Empower you to open lines of communication with your lender to determine what options are available to you.

We have helped thousands of individuals and families save their homes from foreclosure. Let us help you through this stressful time by providing you with lender-approved options such as:

  • Education on the possible consequences of Foreclosure
  • Achievable and affordable repayment plans
  • Forbearance Agreement
  • Modifications/Extension
  • Refinance
  • Possible Sale of the Property
  • Short-Sale
  • Pre-Foreclosure Sale
  • Partial claim
  • Deed-in-Lieu of Foreclosure

We’re here to help you save your home! In our experience, the sooner you contact us for assistance the better we can help you and improve your chances of success. Contact us today for a housing counseling appointment at: (800) 294-3896 or email us at info@credit.org.

Can I really lose my home?

If you cannot make your payments, your lender has no choice but to foreclose. That’s why it’s important to contact credit.org before your home enters the foreclosure process. Our counselors can provide you with a comprehensive debt profile and help you design a plan that meets your needs.

What happens if I lose my home?

The loss of a home is a devastating experience, and credit.org is here to help. Our counselors offer free education and budgeting assistance help you get back on your feet and get you started on the road to financial freedom. Give us a call at: 1-877-Wise-Plan (1.877.947.3752) or email us at info@credit.org.

Should I try to negotiate with my creditor(s)?

You can certainly try, but you should be well prepared before beginning such a process. An experienced credit.org counselor can help you understand your financial problems and give you the guidance on how to best address them.

Summary

If you are facing the possibility of foreclosure or if your house is currently being foreclosed on, help is available. Our experienced, nonprofit foreclosure experts will help inform you of your different options, the steps you need to take, and how to speak with your lender.

To get started, send us a message or visit homeownership.org to learn more.