Other Mortgage Assistance

It's worth investigating other mortgage assistance possibilities as well. Here are some possibilities.

Housing Counseling Agencies - Foreclosure Counseling and Assistance

Consider speaking to a housing counseling agency about stopping foreclosure. Housing counseling agencies are located in every state and are sponsored by HUD. They are worth speaking to if you want to discuss options for mortgage foreclosure help, as they have specialized mortgage foreclosure avoidance counselors.

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Dept. of Veteran Affairs Assistance

Active duty or retired military personnell can sometimes qualify for help for foreclosure from the Dept. of Veteran Affairs. Usually this assistance is difficult to achieve and amongst other things, the loan may not be more than 6 months in arrears to qualify for assistance. In rare cases the department will take over the loan completely and pay the mortgage off for you.

It is extremely difficult to negotiate such a refund and expert help is recommended with this. It is beyong the scope of this site, and should be explored only once all other avenues have been exhausted.

FHA Once Off Payment

In some cases if you are an FHA mortgage loan holder, you could possibly be eligible for a single payment which will settle your arrears in your mortgage payment. You are eligible for this mortgage foreclosure help as follows: Your arrears must have been for longer than four months but less than a year, and you must be financially stable enough to begin to make your mortgage payment reliably in the future.

To examine all these mortgage loan assistance options in detail contact a housing counseling agency for specifics:

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