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Mortgage Payments: Difficulty Paying

Professionals Who Can Help

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A professional can provide advice about your options, including information about the various government programs which have been put into place to help. A professional may have advice about how someone in your position could best negotiate with the lender or company that services the mortgage.

A professional can also let you know about a defense you hadn't thought of. For instance, in some states, such as Oregon, there are laws against taking advantage of a vulnerable person. A "Vulnerable person" is defined to include people over age 65 and people who have a health condition as well as other vulnerable people.

Consider starting your search for professional help with the least expensive professionals first - HUD approved housing counselors. They work for free. You can find a HUD approved housing counselor at: www.hud.gov/offices/hsg/sfh/hcc/fc/ offsite link or call 888.995.HOPE (4673). It may also help to speak with a knowledgeable real estate broker who has been involved in foreclosures may be able to give you advice or contact the lender for you for free.  (If you want overall help with your finances, also consider speaking with a credit counseling service (the free variety). To learn more, see Credit Counseling Service.

 Also consider the following resources which are listed in no particular order:

  • Institute for Foreclosure Legal Assistance. See: www.foreclosurelegalassistance.org offsite link
  • Neighborhood Works America, a non profit organization that offers counseling. www.nw.org. offsite link. Tel.: 202.220.2300.
  • U.S. Department of Housing and Urban Development lists approved counseling agencies. www.hud.gov/offices/hsg/sfh/hcc/nrhci.cfm offsite link or call 800.569.4287.
  • Mortgage Bankers Association. Links to resources at http://www.homeloanlearningcenter.com offsite link  Click on Foreclosure Prevention Resource Center.
  • Financial planners
  • Foreclosure rescue companies. Note: foreclosure rescue companies are not licensed. Check a company's reputation before proceeding, for example with the Better Business Bureau (www.bbb.org offsite link)
  • Lawyers. 
    • Lawyers can advise you and can also negotiate for you with the lender or servicing company for a concession. 
    • Look for a lawyer who has experience in mortgage foreclosures. For example, www.acocellalawpc.com offsite linkwhich runs U.S. Loan Modification Service. For information about finding a lawyer, click here.

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