Buying your home is a big step, and it’s essential to feel informed and confident throughout the journey. Through our HUD-approved home buyer counseling, you can gain the knowledge and resources to make smart decisions. Understand how to access first-time home buyer programs that help you achieve homeownership in a way that aligns with your budget and goals.
What You Gain From Reverse Mortgage Default Counseling
Avoid the Emotional Toll and Get Guidance
Gain a clear understanding of why reverse mortgages go into default, such as unpaid taxes or insurance, and how to prevent further complications. Learn your rights, responsibilities, and the protections available to help you stay in your home.
Relieve the Pressure by Exploring Solutions
During your session, a certified housing counselor will assess your situation and walk you through tailored solutions, like repayment plans, property charge assistance, or extensions, so you can make informed decisions with professional support.
Take Action to Protect Your Home and Retirement
Leave your session with a step-by-step plan designed to help you avoid foreclosure and stabilize your finances. With continued support, you’ll be empowered to protect your home and still be able to enjoy your retirement.
Take Back Control of Your Reverse Mortgage With a Free Counseling Session
Step-by-Step Reverse Mortgage Default Counseling Process
Step 1 Start With a Free Reverse Mortgage Default Counseling Session
Speak with a HUD-approved counselor to assess your reverse mortgage status, understand the cause of default, and learn what options may help protect your home.
Step 2 Review Missed Obligations Like Taxes, Insurance, or Occupancy
We’ll identify what led to the default, such as unpaid taxes, insurance lapses, or absence from the home, and explain your responsibilities and what can be resolved.
Step 3 Explore Solutions to Prevent Foreclosure and Regain Compliance
There’s no one-size-fits-all answer, we walk through every available option tailored to your needs. That could include loan refinance, repayment plans with your lender, and available state or local reduction/exemption programs.
Step 4: Leave With a Plan to Keep Your Home and Protect Your Equity
You’ll leave the session with a clear action plan, support resources, and guidance, so you can resolve the default, avoid foreclosure, and stay safely in your home.
Access resources designed to help you understand your rights, explore repayment or relief options, and work with HUD-approved counselors to avoid foreclosure and stay in your home.
