Contact Your Lender

Do not hesitate to tell your lender if you are having problems paying your mortgage. Lenders have options to help borrowers through difficult financial times. The would prefer not to take your home. Do Not Ignore Your Lender You will likely get information about foreclosure prevention options from your lender. If you do not participate or those programs do not work, further correspondence could include legal notices. Not opening mail or not

You Have Rights

State laws vary regarding how much time you have before your house can go into foreclosure, what kinds of timeframes you have regarding responses to your lender, etc. Read through your loan documents so you know what kinds of options you and your lender have if you can't or don’t make payments.

You Can Prevent Foreclosure

Detailed information on preventing foreclosure is available from: The Federal Housing Administration

Beware Of Foreclosure Scams

Some companies claim they stop foreclosures if you allow them to act on your behalf. DO NOT sign any documents without thoroughly reading and understanding them. Victims often unwittingly sign over the titles to their homes. Use a trusted real estate agent or attorney as an advisor.

Use Free Government Resources

The U.S. Department of Housing and Urban Development offers free or low-cost housing counseling assistance. Contact HUD by clicking: Florida HUD Approved Housing Counselors. You can also call (800) 569-4287 or TTY (800) 877-8339.

Information from U.S. Department of Housing and Urban Development