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.
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:
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.
HOPE NOW is an alliance between HUD approved counseling agents, servicers, investors and other mortgage market participants that provide free foreclosure prevention assistance.
NeighborWorks® America Organizations
Nebraska Homeowner Assistance Fund (NHAF)
The Nebraska Homeowner Assistance Fund (NHAF) is now accepting applications. If you have experienced a financial hardship as a result of the COVID-19 pandemic and need mortgage or property-related financial assistance, please apply as soon as possible. Funds will be distributed until they run out, and they do not need to be paid back.
Consumer Credit Counseling Services
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.
How to Avoid Foreclosure
Foreclosure Rescue Scams
FDIC Foreclosure Prevention Tool Kit
Beware of Foreclosure Rescue Scams: If it's Too Good to be True, It Probably is
Tips for Avoiding Mortgage Foreclosure Rescue Scams
How to Recognize a Rescue Scam
Prevent Loan Scams - A Project of the Lawyers' Committee for Civil Rights Under the Law
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.