It is never too late to get help! by seeking help early, there is a greater chance of success in avoiding foreclosure.
As soon as you anticipate problems in paying your mortgage payment, contact your mortgage servicer to explain your current financial situation. Many servicers are willing to work with you if you contact them immediately, because they understand that individuals and families can face temporary job loss, serious illness, or other major life events that can impact their ability to pay their mortgage. Call the toll free number that appears on your monthly mortgage bill and ask for your loan servicer's Loss Mitigation Department. Ask if you can participate in a "work out" resolution or obtain a loan modication. Be honest with the loss mitigation staff about your situation so they can help you choose the best option.
DON'T LET TIME RUN OUT ON YOU...
Be prapered with the right information when you call. Gather the following financial information:
- Your loan account number
- A brief description of your circumstances
- Recent income documents such as:
- Pay stubs
- Benefit statements from Social Security, disability, unemployment, retirement or public assistance
- If self-employed, have your tax returns or a year-to-date profit and loss statement available for reference
- List of household expenses
For more information visit our website. We're here to help!
Chris & Maria Jeantet
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