Steps to Prevent Foreclosure

Having trouble keeping up with mortgage payments? Received a notice from your lender to contact them?

If you are unable to make mortgage payment:
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• Don’t ignore the problem.
• Contact your lender as soon as you realize that you have a problem.
• Open and respond to all mail from your lender.
• Know your mortgage rights.
• Understand foreclosure prevention options.
• Contact a housing counselor.
• Prioritize your spending.
  After healthcare, keeping your house should be your first priority. Review your finances and see where you can cut spending in order to make your mortgage payment. Look for optional expenses-cable TV, memberships, entertainment-that you can eliminate. Delay payments on credit cards and other “unsecured” debt until you have paid your mortgage.


• Use your assets.
• Avoid foreclosure prevention companies.
• Don’t lose your house to foreclosure recovery scams.

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