Homeowners who received foreclosure prevention counseling are nearly twice as likely to obtain a mortgage modification.
A December 2012 study submitted to Congress showed that homeowners who received foreclosure prevention counseling through the 185 HUD-approved housing counseling agencies were more likely to get a mortgage loan modification and were 67% more likely to remain current on their mortgage nine months after receiving a loan modification.
Need Immediate Help?
Please click HERE for a printable list of agencies that provide FREE foreclosure prevention counseling.
What Documents Will I Need to Apply for Help?
Please click HERE for a printable checklist of the documents your counselor or lender will require.
How Do I Find Out Who Owns My Mortgage?
In order to determine the options available for a loan modification, it is important to determine who owns your mortgage. Frequently, the company to which you send you mortgage payment is the servicer – they process the payment on behalf of the owner. The first step is to call the servicer (the company you send the payment to). If you have an FHA loan, you can call their National Servicing Center at 800-CALL-FHA (225-5342). If you aren’t sure, use the links to the right to research who owns your loan.