Dr. Kareem TannousReal Estate & Mortgage Broker at Alliance Realty & Financial Services, Inc. Jeff JohnsonOwner of Simple Homebuyers AboutChristopher Boston Christopher Boston is a Senior Manager of Content Strategy and SEO at MoneyGeek. For over half a decade, they have crafted hundreds of artic...
A partial claim is aninterest-free loan from HUDthat can be used as a one-time payment to bring your mortgage current and avoid foreclosure. It can be for as much as 30% of your unpaid principal, but you must be between four and 12 months delinquent and prove you have enough income t...
What Is a Debt Management Plan? A debt management plan is an agreement between you and your credit counselor to pay off some or all of your debts within a specific timeframe. The debts that you agree to pay off are known as “enrolled debts.” They’reunsecured debts, like credit card...
religion, sex, marital status, use of public assistance, national origin, disability, or age, there are steps you can take. One such step is to file a report to theConsumer Financial Protection Bureauor with theU.S. Department of Housing and Urban Development (HUD). ...
Kids who can't afford housing would be put in a difficult situation in this case," adds Walton. "It may be better in the long to buy a different property. Take your equity and roll it into a property that is more enjoyable and fits your lifestyle," says Walton, "Or, if the ...
financial hardship, contact your mortgage servicer (the company that receives your monthly payments) right away. Also, counseling is available through the Department of Housing and Urban Development (HUD) approved counseling agencies. Please contact (888) 995-HOPE (4673) to reach a counselor.78 ...
If you’re looking for a more personal experience, keep in mind that loanDepot will connect you with an individual loan counselor that can help you find the best loan for your needs. Get Started with loanDepot #8: Huntington Bank Huntington Bank also offers a robust online mortgage platform ...
holders may feel these rising rates. Those in the fixed period of their ARM could see rates rise when reaching their first adjustment. Anyone struggling to keep up with payments is encouraged to reach out to their lender early to discuss their options. A HUD-certified housing counselor can hel...
If you’re going to miss a mortgage payment, contact your lender about hardship options and consider talking to a housing counselor approved by the U.S. Department of Housing and Urban Development. You can call HUD at 888-995-4673 for round-the-clock foreclosure avoidance assistance. We’ll...