DID YOU KNOW THAT..... 

When you fall behind on payments, your chances of getting cooperation from the mortgage servicer are better if you follow below guidelines.  Mortgage companies say that the last thing they want to do is foreclose, because it costs money, so the key to keeping the house is to make it less expensive for the lender to work with you than to foreclose.

Step-by-step plan for seeking help

• Respond to the mortgage company's phone calls and letters.
• Seek advice and negotiating help from a third party.
• Figure out if your probelm is short-term or long-term.
• Decide what you want and ask for it.
• Document income and expenses, keep all correspondence with the servicer.
• Be persistent in your quest to talk to the right people at the mortgage company.

I have gathered a list of non-profit organizations that can help you:

HUD Resources

• HUD-approved Housing Counseling Agencies (free counseling or with a minimal administrative fee) one of them is located has offices in Glendale and San Fernando Valley, By Desing Financial Solutiions

National Foreclosure Avoidance Initiative

• Freddiemac.com

NeighborWorks

• NeighborWorks Center for Foreclosure Solutions, click "Events" then enter "Los Angeles"

Freddie Mac Resources

• Avoiding Foreclosure for Borrowers

Lupe Soto, Burbank Realtor 818 968 3718 is available to answer any questions, provide translation information in Spanish or to just help you connect to one of these helpful resources.  This a way to say thank you to my community.

Lupe Soto welcomes your comments and feedback, please e-mail me at  sotolupe@charter.net