If you are having trouble keeping up with your mortgage payments:
Don’t ignore the problem.
Contact your lender as soon as you realize you have a problem. Be honest: lenders do not want your house. They may have options to help borrowers get through difficult times. Open and respond to all mail received from your lender.
Understand your options. Information can be found on the following web pages:
Get outside advice. Find a HUD-approved housing counselor in your area by calling 1-800-569-4287 or on the internet at the HUD website or contact the Homeownership Preservation Foundation Hotline at 1-888-995-HOPE for a personal consultation.
Be cautious with foreclosure prevention companies. Your lender or a HUD-approved housing counselor will help you for free if you contact them.
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