Foreclosure Prevention Information
For most families, a home is not only a significant financial investment but also a source of pride. The loss of a home, due to unexpected events such as unemployment or divorce, can be financially and personally devastating.
If you have been laid off or are facing unemployment or divorce, you can keep your home-----if you know the right steps to take. The most important thing is that you DO SOMETHING.
If your family is facing the loss of a job, a drastic cut in work hours or overtime, retirement, illness, injury, or death of a family member, or divorce and cannot pay your bills, now is the time to look closely at what you owe and what you earn, eliminating unnecessary spending and reaching out for help if you still can't meet your financial obligations. Taking action now can help you protect your family from the loss of your home.
Contact a reputable Foreclosure Prevention Counselor
As soon as you realize that you may have a problem paying your mortgage, contact a reputable Foreclosure Prevention Counselor, Foreclosure Mitigation Counselor, or a qualified Housing Counselor. Click here for additional resources and contact information.
Additional information, tips, and advice.
Information about Foreclosure Intervention from NeighborWorks Montana. This website also contains wonderful information about developing a successful budget, tips and resources for maintaining your home, and much, much more.
Help for America's Homeowners. Making Home Affordable is part of President Obama's comprehensive strategy to get the housing market back on track. Through the Making Home Affordable Program, up to 9 million American families may be eligible to refinance or modify their loans to a payment that is affordable now and into the future.
Avoiding Foreclosure: Montana ~ great information on HUD's website. This site includes information about Housing Counseling agencies, the Monana Consumer Protection Office and general Legal Aid information.
Tips for Avoiding Foreclosure. Another great HUD site for those who are in foreclosure now or worried about it in the future. Everything from basic definitions and explanation of terms to detailed assistance about scams, refinancing options and what to do if you can't keep your home.
Information and Resources from the Division of Banking and Financial Institutions. Another source of information if you have questions about where to turn for assistance or don't know who to call first. Go to their website or call (406) 841-2920 with questions about the financial institutions that it regulates, how to confirm whether a business is licensed, and how to file a complaint against a state-chartered or state-licensed financial institution.
Help for Homeowners Facing the Loss of Their Home. If you have been laid off or are facing unemployment, you can keep your home - - if you know the right steps to take. The Department of Housing and Urban Development/Federal Housing Administration, the Department of Veterans Affairs, the Department of Labor and the mortgage industry have worked together to produce important basic information - - and key links to local groups and organizations - - that can help you get through difficult times without losing your home.
Servicing and Loss Mitigation ~ Frequently Asked Questions Terms and definitions that will help make the process more easily understood.