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Foreclosure Prevention Resources

Government Mortgage Modifcation ProgramszMaking Home Aordable

www.MakingHomeAordable.gov

www.FinancialStability.gov

Hope or Homeowners (H4H) http://portal.HUD.gov

(800) CALL-FHA or (800) 225-5342

Foreclosure Mitigation Assistance/CounselingzU.S. Department o Housing and UrbanDevelopment (HUD)

www.HUD.gov

www.HUD.gov/oces/hsg/sh/hcc/c

(800) 569-4287

Homeownership Preservation Foundationwww.995hope.org

(888) 995-HOPE or (888) 995-4673

zNeighborWorks America

www.FindaForeclosureCounselor.org

www.NW.org/network/home.asp

FDIC Foreclosure Prevention Websitezwww.FDIC.gov/oreclosureprevention

z (877) ASK-FDIC or (877) 275-3342

Report Foreclosure Scamsz Federal Trade Commission

www.FTCComplaintAssistant.gov

www.FTC.gov/bcp/menus/consumer/credit/mortgage.shtm

(877) FTC-HELP or (877) 382-4357

z State Attorney General Contact List atwww.NAAG.org/attorneys_general.php

z State, County, City Consumer Protection Oces

at www.ConsumerAction.gov/state.shtml

Talk to a Counselor

I you are having trouble making your mortgagepayment, talk to a counselor who can help you assessyour fnancial situation and work with your lender or

servicer to see i you can avoid oreclosure.

Avoid Foreclosure Scams

Non-proft counseling agencies provide ree or lowcost oreclosure prevention counseling services. There

is no need to pay a private company

or these services.

Call Homeowners HOPE Hotline at

(888) 995-4673

The Homeownership Preservation Foundation provides

non-proft HUD-approved counselors across the UnitedStates that are dedicated to helping homeowners. Thesecounselors can work with you to avoid oreclosure.

Make a Budget, Find a Solution

Proessionally trained

and certifed counsel-ors can help you toevaluate your current

fnancial situation.Counselors also willhelp you to fgure out

what options are available and help you fnd a solu-

tion.

FDIC-033-2009

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I you are having nancial difculties - due

to a job loss, a higher mortgage payment,

or any other reason -you are not alone.

The economiccrisis has made it hardor many

responsible homeowners to make ends meet. The

good news is that many people who were fnding

it dicult to make their mortgage payment have

been able to save their home, and you can too. Youcould lose your home i you ignore the problem and

do nothing. Get in touch with a counselor and your

servicer (the company to whom you send your

monthly mortgage payment) today.

Your Servicer Wants to HelpYour servicer wants to help you keep your home.

Many servicers implemented new loan modifcationprograms in 2009 to assist homeowners experiencingfnancial diculties by lowering their monthly mort-

gage payments. Plus, many servicers are participatingin the governments Making Home AordableProgram and are working with non-proft counseling

agencies through HOPE NOW.

Contact Your Servicer TodayMany servicers have recently added new mortgage

modifcation programs or home loans. Call yourservicer even i your request has been turned down

beore, as you might qualiy under a new program. Bepatient and persistent i you dont reach your serviceron the frst try, as other homeowners are seeking help

as well. I you dont know who services your loan orhow to contact them, check your mortgage statementor look on-line at http://HopeNOW.com/index.php.

Apply or a Loan ModifcationIn a mortgage loan modifcation, you and your

servicer agree to permanently change one or moreo the mortgages terms to make the payments moremanageable or you. The changes could include

reducing the interest rate, extending the term o theloan, orbearing (interest ree) or orgiving principal, ora combination o these actors.

Save Money

A loan modifcation could lower your monthly

mortgage payment by hundreds o dollars and saveyour home rom oreclosure!

Check Out Making Home Aordable

The Making Home Aordable Program is parto the U.S. governments plan to help amilies set anaordable mortgage payment. The program low-

ers borrowers housing-related expenses (principal,interest, taxes, insurance, and assessments or PITIA*) to31% o gross monthly income (beore tax deductions).

The program also will pay you up to $1,000 per year onyour principal or 5 years i you make your paymentson time. To qualiy, you must meet certain eligibility

criteria, including:

1.The home is your primary residence.

2. Amount owed on frst mortgage or a single amilyhome is $729,750 or less.

3. Mortgage dated beore January 1, 2009.4. First mortgage payment* is over 31% o gross

monthly income.

5. You are having fnancial diculty making yourcurrent monthly payment.

Respond to Requests or InormationYou will need to provide your servicer with key docu-

ments under the program beore a modifcation can

be granted. Avoid missing a deadline by respondingto requests or inormation and providing documents

in a timely manner. Inormation you will or may needreadily available is listed in the ollowing BorrowerModifcation Document Checklist.

Borrower Modifcation

Document Checklist

Two most recent pay stubs

Most recent Federal income tax return

Form 4506-T - Request or Transcript o Tax Return(servicer provides)

Most recent bank statement or 1 month (To veriydirect deposits, e.g. social security, rental income,other income)

Proft and Loss Statement (or sel-employedborrowers)

Hardship Adavit (available at:http://makinghomeaordable.gov/docs/

hamphardshipadavit.pd

Non-escrowed loans, Proo o Payment o:

Most recent real estate taxes

Homeowners (hazard) insurance

Other Modifcation Documents

Financial statement

Utility bills

Stop living in ear o

losing your home