HUD.gov / U.S. Department of Housing and Urban Development (HUD)

 

 

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. Foreclosure is a process most lenders would like to avoid. There may be options available to you, and the earlier you see a housing counselor, the broader the range of those options.

HUD Foreclosure Counseling Outcome Study 
2 NeighborWorks® America: National Foreclosure Mitigation Counseling Program Evaluation (Final Report – Sep. 2014)

Be PREPARED. Not Scared.

Your HUD-Certified housing counselor can help you navigate the foreclosure process by opening up the lines of communication, and may be able to request additional time to review your situation and negotiate a resolution. Depending on your situation, you may be able to retain your home or reach an alternative

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Avoiding Foreclosure | HUD.gov / U.S. Department of Housing and Urban Development (HUD)

Avoiding Foreclosure

 

There are a number of programs to assist homeowners who are at risk of foreclosure and otherwise struggling with their monthly mortgage payments. The majority of these programs are administered through the U.S. Treasury Department and HUD. This page provides a summary of these various programs. Please continue reading in order to determine which program can best assist you.

Please read FHA’s brochure, “Save Your Home: Tips to Avoid Foreclosure,” also published in Spanish, Chinese and Vietnamese.


Making Home Affordable

The Making Home Affordable © (MHA) Program is a broad strategy to help homeowners avoid foreclosure, stabilize the country’s housing market, and improve the nation’s economy.

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. Additionally, in

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