Foreclosure Prevention

If you are at risk of foreclosure or have missed one or more mortgage payments, there are free resources in your area that may be able to help you save your home and preserve your credit.

 

The HOPE Hotline 1-888-995-HOPE

The HOPE Hotline 1-888-995-HOPE is available toll free 24/7 to all homeowners struggling with their mortgage payments.

The HOPE Hotline Assists Homeowners By:

  • Establishing communication with homeowner’s loan servicer;
  • Creating a budget and an “action plan’ to address their financial difficulties;
  • Connecting with local services such as foreclosure intervention/prevention counseling, housing counseling, credit counseling, and financial education.

To find a foreclosure prevention counselor near you, visit www.foreclosurepreventioncounselor.org.

For a list of Frequently Asked Questions about foreclosure or to see if you may be at risk of foreclosure, please click here.  

 

HUD Approved Housing Counseling

Through our role as the fiscal sponsor for the Texas Foreclosure Prevention Task Force, TSAHC supports a network of HUD-approved housing counseling agencies across the State of Texas. We recommend homeowners in need of foreclosure prevention and intervention counseling assistance utilize a federally regulated organization. Click here for a list of counseling agencies that we suppport. 

For a complete list of HUD Approved housing counseling agencies in your area, please call HUD’s Housing Counseling Hotline at 800-569-4287 or click here.

For more information about the foreclosure process, additional foreclosure prevention resources, outreach events, and information about how to identify and report foreclosure scams, please visit the Texas Foreclosure Prevention Task Force’s website at www.texasforeclosurehelp.org.

 

Task Force and NFMC Clients and Fund Allocation Map

 

 

Loan Modification Scam Alert

Loan modification and foreclosure rescue scams are on the rise in Texas.  Loan modification scams often look legitimate and some even replicate government agency websites or use forged letterhead resembling a lender.  Avoid anyone who:

  • Asks for a fee in advance

  • Guarantees that they’ll stop a foreclosure or modify your loan

  • Tells you to stop paying your mortgage company and pay them instead

To report a scam, visit http://www.loanscamalert.org/ or contact the Texas Attorney General’s office at 800-621-0508

 

How You Can Help

TSAHC compensates local counseling services up to $450 per family counseled, which is consistent with the national model set by the National Foreclosure Mitigation Counseling design.  Because the number of callers to the HOPE Hotline has increased dramatically over the past months, additional funding is needed to increase the number of local area providers and improve the capacity of existing local counseling organizations.  Specifically, TSAHC will use these funds both to provide training to local counseling organizations and to reimburse counselors for their services.

If you are interested in donating, please click here. If you have any questions, you may also contact David Long, TSAHC President and Co-Chair of the Texas Foreclosure Prevention Task Force.