|
| ALTERNATIVE |
HOW IT WORKS |
| Repayment Plan |
Allows you to pay your delinquent amount over 6-12 months by adding the amount to your normal payment |
| Loan Modification |
Adds past due amounts to the unpaid balance of the loan and extends the term |
| Short Sale |
Allows you to sell your home and pay off your mortgage loan even though your property may be located in a declining market |
| Deed in Lieu of Foreclosure |
Allows you to deed your property to your lender rather than go through the lengthy legal process of foreclosure. |
|
|
|
Housing and Credit Counseling
|
|
There are Homeownership and Credit Counseling Agencies that may be able to assist you. Housing counselors can help you organize and budget your finances to pay your mortgage. To find a reputable agency in your area please contact the U.S. Department of Housing and Urban Development (HUD) at 800-569-4287. You can also find a list of HUD-approved agencies in your area by visiting the HUD web site
|
To learn more about avoiding foreclosure, please go to the Help for Homeowners Facing the Loss of their Home website brought to you through the collaborative efforts of HUD/FHA, the Department of Veterans Affairs, Department of Labor, Fannie Mae, Freddie Mac, and members of the mortgage industry.
HUD web site
|
|
|
Losing a home due to unexpected events can be devastating and many times can be avoided. If you are
facing financial problems, now is the time to reach
Housing and Credit Counseling
There are Homeownership and Credit Counseling Agencies that may be able to assist you. Housing counselors can help you organize and budget your finances to pay your mortgage. To find a reputable agency in your area please contact the U.S. Department of Housing and Urban Development (HUD) at 800-569-4287. You can also find a list of HUD-approved agencies in your area by visiting the HUD web site at www.hud.gov/offices/hsg/sfh/hcc/hccprof14.cfm.
out for help to save your home. If you are past due one or two payments, it's not too late to put together a plan to reinstate your loan by liquidating assets or getting assistance from family and friends.
Steps You Can Take Now
1. Do not ignore the situation
2. Contact DHI Mortgage Loan Servicing as soon as you realize there is a problem
3. Return DHI Mortgage Loan Servicing phone calls and read correspondence from us carefully
4. If you have made a promise to pay, do not break it
5. Contact a Home Ownership and Credit Counselor
6. Prioritize your spending, eliminate optional expenses, and budget realistically
ALTERNATIVES TO FORECLOSURE
Please contact DHI Mortgage Loan Servicing by phone or in writing to discuss your situation and learn what you need to do to avoid foreclosure.
DHI Mortgage Loan Servicing, 12357 Riata Trace Parkway,
Suite C150, Austin, TX 78727, (866)350-7746,
Click Here to Email Us
What Do You Need to Provide When Requesting Assistance?
Click Here for Additional Information
|
|
|
|
