Foreclosure Prevention Counseling
Understanding the Consequences of Foreclosure and How to Seek Help
Foreclosure is a serious matter with long-lasting effects on your financial well-being, credit score, and overall quality of life. If you are unable to make your mortgage payments, your lender may initiate the foreclosure process, which can result in the loss of your home.
In addition to losing your home, foreclosure can lead to legal fees, additional debt, damage to your credit score, and emotional distress.
Our Foreclosure Prevention Counselor will discuss the cause of your mortgage issues, review your finances, and decide on an action plan with you to help you meet your goals.
If you are worried about making your next mortgage payment, already missed a mortgage payment, or are already in foreclosure, don’t wait another day to contact NHSNB. The longer you wait, the fewer options you will have.
How Can One of Our Foreclosure Prevention Counselors Help You?
They will assist you with the request for “Mortgage Assistance” with your mortgage company from start to end.
They can review and submit the application to your lender with a proposal for the best “Loss Mitigation Option” based on the outcome of your One-on-One counseling session.
They can help you make sound decisions on housing matters.
Frequently Asked Questions about Foreclosure Prevention Counseling:
Does My Loan Need To Be In Foreclosure In Order For Me To Get This Free Service?
No. If your mortgage payments are current but you anticipate the inability to continue making future monthly payments, contact us now. We will discuss your situation and determine the next step after the initial phone session.
What Should I Do If My Loan Is Already In Foreclosure?
We encourage you to contact us immediately.
You may contact Rosa Rivera, Housing Counselor via phone at (860) 224-2433 ext. 105 or email: rrivera@nhsnb.org.
After assessing your situation, she will provide you with instructions on the next steps.
What If I Already Submitted a “Request for Mortgage Assistance Application” to My Mortgage Company?
The “Review” period can be very stressful. Working with a Housing Counselor while waiting for your lender’s decision can help to…
Ease your stress by letting us walk you through the procedure.
Increase your knowledge of the options that may be available to you based on your financial status, loan type, and loan history.
You can get referrals to resources to help you through your current and future situation.
Review and explain the lender’s decision with you and re-apply if your lender's decision is not favorable to you.
If you are worried about making your next mortgage payment, already missed a mortgage payment, or are already in foreclosure, contact us today.
Completing this form will connect you with one of our staff members, who will assist you in registering for Foreclosure Prevention Counseling.