Avoid Foreclosure
NID-HCA foreclosure prevention program is designed to address the successful resolution of mortgage default and delinquencies. We work with major lenders advocating on behalf of our clients for affordable financial solutions
We provide information and recommendations, allowing our clients to make appropriate decisions to settle their mortgage issues.
How we can help
NID-HCA offers educational workshops and counseling session on strategies to avoid foreclosure.Resolving or Preventing Mortgage Delinquency or Default:
This service includes to the consequences of default and foreclosure and will cover the following:- Loss mitigation
- Budgeting and credit
- Restructuring debt
- Obtaining re-certification for mortgage subsidy and establishing reinstatement plans
This service also include helping clients affected by predatory lending; foreclosure prevention strategies; explaining the foreclosure process; providing referrals to other sources and assisting client with locating alternative housing.
Look Up Your Loan
If your mortgage is owned by Fannie Mae or Freddie Mac, you may be eligible for a Home Affordable Refinance to take advantage of lower interest rates. Your mortgage company can tell you who owns your loan. Find their contact information here. You can also contact Fannie Mae and Freddie Mac directly by clicking on the links below.
Quick FAQ
What is the benefit of using a NID-HCA Counselor?
Homeowners who see a counselor have a better response than those who try to work it out on their own. The counselor can be their advocate and can help them understand what their options are when they're facing foreclosure.
What is foreclosure prevention counseling?
Foreclosure counselors provide advice and services to help homeowners avoid foreclosure. Counselors review your mortgage and finances with you and help you find a solution that is best for you.
What are the benefits of foreclosure counseling?
Foreclosure counseling programs can often provide concrete solutions to foreclosure including:
- Negotiation services: Counselors talk to your current lender to try to work out a repayment plan that you can afford. The counselor might ask your lender to lower the mortgage interest rate, forgive part of the loan, or give you more years to repay the loan.
- Refinancing services: Counselors try to find a new mortgage loan for you that fits your budget, so you can refinance and keep your house.
- Legal assistance: If your lender has broken the law and has violated your legal rights, your counselor will get legal assistance for you.
- Financial counseling: Counselors help you budget your money so you can make your mortgage payments on time. If you decide you do not want to keep your home, they can help you avoid foreclosure and protect your credit rating.
- Consumer education: Counselors teach homeowners how to recognize and avoid predatory lenders and scam artists so they do not become victims and put their homes at risk.