If You Are Unable to Make Your Mortgage Payment

Don't ignore the problem

The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house.

Contact your lender as soon as you realize that you have a problem

Lenders do not want your house. They have options to help borrowers through difficult financial times.

Open and respond to all mail from your lender

The first notices you receive will offer good information about foreclosure prevention options that can help you weather financial problems. Later mail may include important notice of pending legal action. Your failure to open the mail will not be an excuse in foreclosure court.

Contact a HUD-approved housing counselor

The U.S. Department of Housing and Urban Development (HUD) funds free or very low cost housing counseling nationwide.

NeighborWorks, a national nonprofit organization created by Congress, has established a hotline for American homeowners having trouble paying their mortgages.

The hotline is open 24 hours a day, 7 days a week and is staffed by foreclosure prevention counselors.

The phone number is 888-995-HOPE (4673).