What is foreclosure prevention?
InCharge is a HUD-approved housing counseling agency and provides assistance to struggling homeowners with the goal of helping them keep their homes when possible. If you are behind on your monthly bills, including your mortgage, we offer free confidential financial counseling assistance.
What is a HUD counselor?
A HUD-approved housing counselor is specially trained and certified by the government to help you assess your financial situation, evaluate options if you are having trouble paying your mortgage loan, and make a plan to get you help with your mortgage. HUD stands for the Department of Housing and Urban Development.
How can HUD help me avoid foreclosure?
Help is a Phone Call Away > HUD-approved housing counseling agencies are available to provide you with the information and assistance you need to avoid foreclosure. Call 888-995-HOPE (4673) to speak with an expert about your individual situation.
Can HUD help me keep my home?
HUD approves housing counseling agencies throughout the country who give advice free or at low cost. You can search online for a counseling agency near you, or call HUD’s interactive voice response system at (800) 569-4287. Can I keep my home? The best way to keep your home is to ACT NOW!!
What happens if you are 2 months behind on your mortgage?
Late fees can be added, and your lender may report you to the credit bureaus, which will harm your credit score. Once you miss the second payment, you’re in default. If you miss a second mortgage payment, you’re likely to see a change in the mortgage servicer.
What happens if I get behind on my mortgage?
One of the consequences of falling behind on your loan payments is a negative impact on your credit score. When a mortgage payment is 30 days or more late, the servicer will start reporting that delinquency to the three main credit bureaus: Equifax, TransUnion, and Experian.
Are houses being repossessed during Covid 19?
The Central Bank expects that lenders do not enforce repossessions on residential properties, during the COVID-19 pandemic, except in exceptional circumstances such as a customer request to continue with the repossession activity, or to secure a vacant property.
Can a bank foreclose if you make partial payments?
If your mortgage lender accepts a partial payment for you, the partial payment will not delay foreclosure. Instead, your lender will apply any payment you make to the oldest outstanding payment due, including fees.