Two Rules to Avoiding Foreclosure


If you are worried about making your mortgage payments or foreclosure, I hope this information helps.

RULE #1 – you should not pay a private company for housing counseling services.

There are numerous nonprofit agencies that work in partnership with the U.S. Department of Housing and Urban Development (HUD). The agencies are funded, in part, by HUD and NeighborWorks America. For HUD’s “Guide to Avoiding Foreclosure” web page click here. You will find a wealth of information that may help you avoid losing your home. For a list of HUD recommended agencies click here. If you know you are not going to be able to make a payment, do not hesitate to call your lender. It is in their interest to work with you. There are new programs that are now available and you may qualify for assistance including modifying your interest rate or deferring payments.

RULE #2 – Above all, remember…the worst thing you can do, is nothing at all.

As always, I wish you the best,

Kevin Gorman


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