Stop Foreclosure. Behind on Mortgage? Loan Modification.
National Mortgage Relief Hotline (888) 770-7312
Learn if you qualify for Federal Programs.
The hotline was designed to put you in direct contact with a housing expert at no charge to assist you with your current situation. They will assist you directly or route you to another center specializing in solving your problem.
National Mortgage Relief Hotline (888) 770-7312
What To Expect When You Call
You’ll be asked about your situation and how you fell behind. You and your counselor will discuss your household bills and a plan of action to bring your mortgage back to current status. When you call, have a recent mortgage statement or any letter from your mortgage company handy. Your counselor will look for programs to get you back on track.
What It Will Cost
There is no charge to speak with an expert at the Mortgage Relief Hotline. If you qualify for a program to avoid foreclosure, you’ll learn how it works and what to expect. If do not qualify, you’ll get free advice about how to stop foreclosure by other methods, and whether you may be wise to consider bankruptcy to stop foreclosure on your home.
The Cost of Doing Nothing
If you continue to fall behind on your payments, the payment needed to catch up payments can balloon out of control. According to most mortgage contracts, if you fall behind on the mortgage by 3 months, the lender accelerates your mortgage. That means they send the file to their attorney and begin the process of foreclosure. Once the file reaches their attorney, the amount you owe to catch up increases by the amount of their attorneys fees (typically $1500 or more), late fees and other charges. You will receive collection notices, phone calls, and notices from the court, until you find a solution. Your Notice of Default will become public record and will likely be mentioned in your town newspaper. You’ll receive calls and letters from investors, bankruptcy attorneys, and others claiming to be of service to you. Beware of fast-talking people who want to take advantage of your problem for their own gain. Some may want to buy your home and lease it back to you. Do not sign over the title to your property to anyone. Often their contracts are filled with fine print to prevent you from ever getting your home back. The people you’ll speak with at the Mortgage Relief Hotline do not buy real estate.
Can You Trust the Mortgage Relief Hotline?
The folks who service the hotline have met standards of performance and customer service. They have extensive knowledge on the subject and can provide sound advice for homeowners. They know the steps needed to stop foreclosure and get your loan back on track. They will take your hand and guide you through these treacherous waters. Just having someone who knows the territory can offer peace of mind and a happier outcome.
Did you know that almost half of all families who lose their home to foreclosure, never once contacted their lender to learn about their options? The fear paralyzed them. Don’t let this happen to you. Reach out and make a friend at the hotline today.
National Mortgage Relief Hotline (888) 770-7312
