How can hud help me avoid foreclosure

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. 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.

Are you at risk of foreclosure and losing your home? Foreclosure doesn't happen overnight. Is your credit card debt becoming unmanageable? Are you using your credit cards to buy groceries? Is it becoming difficult to pay all your monthly bills on time? Read our Tips for Avoiding Foreclosure. First month missed payment — your lender will contact you by letter or phone. A housing counselor can help. Second month missed payment — your lender is likely to begin calling you to discuss why you have not made your payments.

It is important that you take their phone calls. Talk to your lender and explain your situation and what you are trying to do to resolve it. This protection began on March 18, The federal foreclosure moratoriums, which suspended foreclosure, expired on July 31, However, some states and local governments have temporarily stopped foreclosures.

Your servicer can work with you to avoid foreclosure. For help talking to your mortgage servicer or understanding your options, contact a HUD-approved housing counseling agency in your area. Housing counselors can develop a tailored plan of action and help you work with your mortgage company, at no cost to you. If you need a lawyer, there may be resources to assist you, and you may qualify for free legal services through legal aid.

If you have a complaint with your mortgage or forbearance plan, tell us about your issue—we'll forward it to the company and work to get you a response, generally within 15 days. Skip to main content.