Financial Challenges Can Happen to Anyone
If you're struggling to keep up with your monthly mortgage payments, you're not alone. There may be options available to help you avoid foreclosure and stay in your home.
Understanding Loss Mitigation
What is Loss Mitigation and How Can it Help Me?
Loss mitigation is a process designed to help you prevent the loss of your home and the severe costs associated with foreclosure. This can occur if you fall far enough behind on your mortgage payments.
Alternative Payment Plans to Help You Avoid Foreclosure
If you're falling behind on mortgage payments, we offer several alternative payment plans designed to get you back on track and minimize damage to your credit.
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Loan Assistance Solutions
Helpful mortgage support programs you can count on.
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Repayment Plan
Forbearance
Loan Modification
Short Sale
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What May Impact My Finances?
Reduced Income
Job loss, reduced hours, or lower commissions can make it difficult to meet monthly obligations.
Rising Expenses
Increased cost of living or higher interest rates can strain your budget.
Natural Disasters
Events like floods, hurricanes, or wildfires can cause property damage and financial hardship.
Personal or Family Events
Unexpected costs and income loss from medical issues, divorce, or losing a loved one.
Frequently Asked Questions
When you fall behind in your mortgage payments, you stand to lose a lot, including your home and your good credit. To help you minimize (or “mitigate”) your losses and avoid foreclosure, we reach out to you with our “loss mitigation” process.
As part of our evaluation (also called a "workout"), we’ll explore foreclosure alternatives. We’ll discuss options to help you avoid foreclosure.
To learn more about Loss Mitigation and how it can help you, read our article.
Resource Center
We understand financial challenges can arise, so we make it easy to access resources that can help you stay on track.
