If You're Currently In Foreclosure
Know that you are not alone. Being in foreclosure is a challenge faced by millions of homeowners every year, from all walks of life and age groups - the list is as diverse as our society. No matter your situation, the Hotline’s dedicated counselors are able to help you if you simply have a few questions or can focus on callers who require specialized attention. The Homeowner's HOPE™ Hotline has helped over four million distressed homeowners and receives about 1 .9 million calls each year from people who need foreclosure help.
It’s not true that your mortgage company “wants” to put you through the foreclosure process. When foreclosure occurs, there is a loss to the homeowner, the community and to the mortgage company. A mortgage company sustains an average loss of about $58,000 when foreclosure occurs (TowerGroup). Mortgage companies are in the business of providing mortgages - not owning or selling homes - and would prefer to see you remain in your home and avoid foreclosure.
Our counselors help you to prioritize your mortgage obligations and manage your total debt so that you can preserve your stake in homeownership. When home preservation is not possible, the counselor is able to provide information regarding other options, including information about short sales and deeds-in-lieu.
Contrary to what you might think, even if you are in foreclosure there are still options available to you after the foreclosure process has begun. The sooner you call us, the more tools we'll have to help you take action to improve or change your situation.
Homeowners In Foreclosure Seeking Mortgage Help
Help with foreclosure is still available, even after pre-foreclosure options are no longer available. Our counselors can offer free, customized advice to help you make decisions about your foreclosure situation, so you can have the best possible outcome. Call 888-995-HOPE to start your free counseling session today.
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