Latest Video
Newsfeed display by CaRP
[CaRP] This appears to be an HTML webpage, not a feed.
Latest Blog Post
Unclaimed FundsThe Federal Deposit Insurance Corporation (FDIC) provides deposit insurance to financial institutions and depositors of these institutions. If a financial institution is closed, by a regulatory agency, the FDIC is appointed as Receiver and is responsible for the payment of insured deposits and the liquidation of the remaining assets. If you did not claim your funds previously you now have another opportunity to do so. Review the "How to claim your funds" section below and complete the attached form. Why does FDIC have unclaimed funds? When a failed financial institution (ban...
Newsfeed display by CaRP
News for Consumers
Trump tells U.N. he could ?annihilate? Iran but expects a deal after the midt...22 Sep 2026 at 9:31am
Trump tells U.N. he could ?annihilate? Iran but expects a deal after the midterm elections NBC NewsLive updates: Trump says he faces a decision on Iran to make a deal or ?annihilate? the country CNNTrump heads to U....
Princeton?s Run Atop U.S. News Rankings Ends After 15 Years - The New York Times
22 Sep 2026 at 3:39am
Princeton?s Run Atop U.S. News Rankings Ends After 15 Years The New York TimesSee more headlines & perspectives on Google News
A ?super? El Ni�o is about to crash into California: 9 essential ways to prep...
22 Sep 2026 at 3:00am
A ?super? El Ni�o is about to crash into California: 9 essential ways to prepare Los Angeles TimesState of emergency declared for California ahead of potentially historic El Ni�o YahooWorsening El Nino threatens Asi...
Mississippi grand jury finds no cause for charges in the July death of Nolan ...
22 Sep 2026 at 8:06am
Mississippi grand jury finds no cause for charges in the July death of Nolan Wells AP NewsNo criminal charges in the death of Nolan Wells: Grand jury report ABC News - Breaking News, Latest News and VideosGrand Jury...
In U.N. speech, Trump threatens to "annihilate" Iran and defends handling of ...
22 Sep 2026 at 7:28am
In U.N. speech, Trump threatens to "annihilate" Iran and defends handling of global conflicts cbsnews.comSee more headlines & perspectives on Google News
First Thing: News outlets suspend coverage of Trump in escalating media acces...
22 Sep 2026 at 4:43am
First Thing: News outlets suspend coverage of Trump in escalating media access row The GuardianTrump Faces the Sting of a Media Boycott After Press Pool Withdrawal The New York Times?Literally state-run TV?: Trump l...
Newsfeed display by CaRP
Back
U.S Department of Housing and Urban Development
U.S Department of Housing and Urban Development
Tips for Avoiding Foreclosure
- Don't ignore the problem. The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house.
- Contact your lender as soon as you realize that you have a problem. Lenders do not want your house. They have options to help borrowers through difficult financial times.
- Open and respond to all mail from your lender. The first notices you receive will offer good information about foreclosure prevention options that can help you weather financial problems. Later mail may include important notice of pending legal action. Your failure to open the mail will not be an excuse in foreclosure court.
- Know your mortgage rights. Find your loan documents and read them so you know what your lender may do if you can't make your payments. Learn about the foreclosure laws and timeframes in your state (as every state is different) by contacting the State Government Housing Office.
- Understand foreclosure prevention options. Valuable information about foreclosure prevention (also called loss mitigation) options can be found on the internet here
- Contact a HUD-approved housing counselor. The U.S. Department of Housing and Urban Development (HUD) funds free or very low cost housing counseling nationwide. Housing counselors can help you understand the law and your options, organize your finances and represent you in negotiations with your lender if you need this assistance. Find a HUD-approved housing counselor near you or call (800) 569-4287 or TTY (800) 877-8339.
- Prioritize your spending. After healthcare, keeping your house should be your first priority. Review your finances and see where you can cut spending in order to make your mortgage payment. Look for optional expenses-cable TV, memberships, entertainment-that you can eliminate. Delay payments on credit cards and other "unsecured" debt until you have paid your mortgage.
- Use your assets. Do you have assets-a second car, jewelry, a whole life insurance policy-that you can sell for cash to help reinstate your loan? Can anyone in your household get an extra job to bring in additional income? Even if these efforts don't significantly increase your available cash or your income, they demonstrate to your lender that you are willing to make sacrifices to keep your home.
- Avoid foreclosure prevention companies. You don't need to pay fees for foreclosure prevention help-use that money to pay the mortgage instead. Many for-profit companies will contact you promising to negotiate with your lender. While these may be legitimate businesses, they will charge you a hefty fee (often two or three month's mortgage payment) for information and services your lender or a HUD approved housing counselor will provide free if you contact them.
- Don't lose your house to foreclosure recovery scams! If any firm claims they can stop your foreclosure immediately if you sign a document appointing them to act on your behalf, you may well be signing over the title to your property and becoming a renter in your own home! Never sign a legal document without reading and understanding all the terms and getting professional advice from an attorney, a trusted real estate professional, or a HUD approved housing counselor.
04/29/08
Back