If You Can’t Make Your Mortgage Payments…

Don’t ignore the problem.   The farther behind you are, the harder it is to catch up and it becomes more likely that you will lose your home.  Make sure to contact your lender as soon as you know you have a problem.  You will need to be persistent but your chances of success are greater if you start working with your mortgage company early.  Consider contacting a non-profit, certified housing counselor.  They can help you understand your options and help you in negotiations with your lender.  Avoid credit counseling agencies that require a large upfront fee.  Try contacting a HUD approved counselor.  If you receive a foreclosure notice, get legal help by contacting Legal Aid or the National Association of Consumer Advocates.  Open all mail that you receive from your mortgage company.  Usually the first notices you receive include information about options to prevent foreclosure.  Failing to open your mail will not delay foreclosure and you could miss an opportunity to save your home.  Ask your lender if your mortgage loan can be modified or restructured.