Home foreclosure and mortgage delinquency can occur as a result of a reduction in pay, job layoff, illness, death of an income provider, care of family members or other reasons. Foreclosure Prevention/Mortgage Delinquency Counseling from the ULK provides clients who are delinquent on their mortgage or facing foreclosure, the opportunity to bring their mortgage payments current and potentially save their home. This is accomplished through education and advocacy.
A ULK housing counselor will work on behalf of the client with their mortgage company (or the mortgage company’s attorney) to find a workable solution for both parties. The counsel and advocacy of a third-party HUD-approved counselor is often a welcome addition to the negotiation process for the mortgage company and provides a sense of relief to the client. The ULK housing counselor creates a detailed budget for the client to use based on financial weaknesses identified in a confidential counseling session. After a detailed budget has been drafted, the housing counselor will be able to determine the best course of action and work with the client and mortgage company toward a realistic and beneficial solution for all parties.
Counselors will typically work with you to achieve the following:
Immediate Actions
Improved Money Management
Balanced Budget
Additional Recommendations
