Counseled clients were 2.83 times more likely to receive a loan modification than similar uncounseled borrowers, and 70 percent less likely to redefault on a modified loan.

— U.S. Department of Housing and Urban Development, Office of Policy Development and Research, Housing Counseling Works: 2023 Update (Norwood & Myhre, January 2023)

Call 501-221-2203. The earlier you call, the more options are still on the table.

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What a counselor does

A HUD-certified counselor reviews your loan and your finances, explains what your servicer can and cannot offer, and helps you put together a complete loss mitigation package. Incomplete packages are what get denied, and most packages people send on their own are incomplete.

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What your servicer may be able to do

Depending on your loan, your investor, and your situation, the options may include reinstatement, a repayment plan, forbearance, a loan modification, or an option that lets you leave the house without a foreclosure on your record.

Which of those are available to you is not something anyone can tell you before looking at your loan. Be careful with anyone who promises a specific outcome before they’ve seen your paperwork.

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Be careful who you call

Foreclosure attracts scams. If someone asks you to pay them up front to stop a foreclosure, to sign your deed over, or to make your mortgage payments to them instead of your servicer, stop and call us. IAH is a HUD-approved housing counseling agency. Our counselors are HUD-certified. We do not originate loans, service loans, or ot provife funds.

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What to send

• Your most recent mortgage statement

• Any letters from your servicer or their attorney, including foreclosure or sale notices

• Recent pay stubs for everyone in the household who works

• Award or benefit letters if you receive Social Security, a pension, or unemployment

• Recent bank statements

• A rough list of your monthly bills

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Send what you can. Don’t wait until you have all of it:  https://form.jotform.com/261666235351053

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If a sale date has been set

Call anyway. A scheduled sale narrows the options but it does not always end them, and the answer depends on how much time is left.

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How to start

Call 501-221-2203 or send us a message.