Are you are you falling behind on your monthly mortgage payment? Is your mortgage loan in some state of delinquency? Is your adjustable rate mortgage becoming unaffordable? Take action now! Don't be afraid or embarrassed to ask for help. Reaching out is the first step to prevent foreclosure. There are several local, state, and federal resources available to assist you. Check out the resources below for help and guidance.
In Nebraska
Dial 2-1-1 is an information and referral service which can refer homeowners in some state of delinquency or foreclosure to a housing counseling service for free assistance. All Nebraska counties have 2-1-1 access. More information can be found at www.ne211.org.
Housing counselors often serve as facilitators between borrowers and mortgage lenders. If you feel you may be in danger of facing foreclosure, Dial 2-1-1 or (402) 444-6666 to speak to a referral specialist who can locate a housing counseling service near you. Dial 2-1-1 is hosted by United Way of the Midlands.
Free nonprofit counseling services in Nebraska:
Family Housing Advisory Services of Omaha (3 locations)
High Plains Community Development Corp.(Chadron)
Credit Advisors Foundation (Omaha)
Additional Resources
Affordable Housing Government Initiative
The Treasury Department and the Department of Housing and Urban Development (HUD) have launched a Website that provides basic information for troubled homeowners about the Obama administration's "Making Home Affordable" program.
The new initiative is a two-pronged approach. The first prong is the refinancing approach, designed to help homeowners who are paying their mortgages on time, but are not able to refinance at the current low mortgage rates because of a decrease in the value of their homes. The second prong is aimed at homeowners who are struggling to make their monthly mortgage payments because their interest rates have increased or their incomes have been reduced.
Depending on which program fits your needs, you can take a quick, four-or five question test to see if you qualify for help.
Consumer Credit Counseling Services
Assistance for qualifying low-income individuals
Federal Reserve
A Consumers' Guide to Mortgage Refinancing
Nebraska Foreclosure Protection Act
The Nebraska Foreclosure Protection Act protects homeowners from fraudulent activities of individuals and entities that prey on vulnerable consumers. Know your rights under the law.
Nebraska statutes pertaining to the Act
How to Avoid Foreclosure
Keep Your Home
Foreclosure Rescue Scams
Avoiding Foreclosure is a consumer education DVD that introduces homeowners to four clients who found themselves in mortgage trouble and sought assistance from a certified housing counselor with the National Foundation for Credit Counseling (NFCC). The DVD introduces consumers to some of the terms and scenarios they are likely to encounter as they work to save their own home.
The DVD is free of charge and a public service offered by the NFCC.
Click here to order your free copy.
