Definition
Programs that provide information and guidance and/or legal representation for people who are unable to make their mortgage payments and are at risk of losing their homes through foreclosure or for people who are already in the foreclosure process. Services may include information about the foreclosure process, legal timelines and how to contact and negotiate with a lender; assessment of a homeowner's financial situation and development of a plan to address homeownership and financial issues; in-depth financial counseling regarding foreclosure avoidance options and/or options that involve leaving the home; advocacy with lenders, when necessary; and referrals to foreclosure prevention resources. Also included are programs that provide mediation services to negotiate a compromise between the individual and the financial institution that holds their mortgage in order to avoid foreclosure.
Used For
Delinquent Mortgage Counseling,Delinquent Mortgage Counselling,Mortgage Default Assistance,Mortgage Default Counseling,Mortgage Default Counselling,Mortgage Delinquency Counseling,Mortgage Delinquency Counselling,Mortgage Discount Counseling,Mortgage Discount Counselling,Mortgage Forclosure Avoidance,Mortgage Foreclosure Counseling,Mortgage Foreclosure Counselling,Mortgage Foreclosure Information,Mortgage Foreclosure Mediation Services,Mortgage Foreclosure Prevention Information,Mortgage Foreclosure Prevention Programs,Mortgage Foreclosures Assistance
See Also