Resources
Foreclosure
Communicate with your Lender

Foreclosure

Avoid Foreclosure
- Communicate with your Lender
- Work with the Making Home Affordable Program
Foreclosure Scams
Mortgage Refinancing
- Mortgage Refinancing

Avoid Foreclosure

Foreclosure refers to the situation when a homeowner is not able to make the mortgage payments as required. This gives the lender the right to seize the property, remove the homeowner and sell the home as stated in the mortgage contract.

Communicate with your Lender

Reach out to your lender immediately and make them aware of the financial difficulties you are facing and are unable to make the mortgage payments. This gives the lender enough time to figure out a plan. Simply bear one thing in mind–do not stop making the payments and do not wait for the moment you can’t make payments. Speak to your lender about the trouble you are facing in making payments.