Foreclosure Guide

Today's tough economy has affected thousands of American families, resulting in high unemployment and creating a climate of uncertainty for many homeowners. If you are having difficulty making your mortgage or home equity payments, please contact one of our member representatives to find out how we can help you.

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ALTERNATIVES TO FORECLOSURE

Options that may be available to help you avoid foreclosure:

 

  • A temporary or permanent loan modification.
  • An agreement to conduct a short sale.
  • A deed in lieu of foreclosure transaction.
  • Negotiate other arrangements tailored to your unique situation.

 

Community 1st Credit Union is willing to explore every option possible - but please don’t wait. Contact us as soon as you realize you are having difficulty making your mortgage payments. Our toll-free number is (800) 247-7328.

ELIGIBILITY

In order for us to evaluate your eligibility for these options, you should be prepared to present information necessary to assess your financial ability to meet a modified or restructured loan obligation. In general terms such information will include:

 

  • Current & future income.
  • Debts & obligations.
  • Tax returns for the past two years.
  • Any other documents pertaining to your financial situation.

 


LEGAL ASSISTANCE

Housing counselors and legal assistance may be available at little or no cost to you through government assistance programs.

Statewide Foreclosure Hotline
Toll-free phone number: (877) 894-HOME (4663)

Online Resources →

U.S. Department of Housing and Urban Development
Toll-free phone number: (877) 741-3281

Online Resources →

The Statewide Civil Legal Aid Hotline
Toll-free phone number: (888) 201-1014

Online Resources →

 


Foreclosure:  In order for us to evaluate your eligibility for foreclosure assistance options, you should be prepared to present information necessary to assess your financial ability to meet a modified or restructured loan obligation.

 

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