Definition
Programs that provide assistance for people who are unable to make their mortgage payments and at risk of losing their homes through foreclosure or who are already in the foreclosure process. Services may include information about the foreclosure process, legal timelines and how to contact and negotiate with a lender; assessment of the homeowner's financial situation and development of a plan to address homeownership and financial issues; in-depth financial counseling regarding foreclosure avoidance options and/or options that involve leaving the home; advocacy with lenders, when necessary; and referrals to foreclosure prevention resources. Also included are programs that provide mediation services to negotiate a compromise between the individual and the financial institution that holds their mortgage in order to avoid foreclosure.
URL Name
DM-1800-5000
Third Level Code
DM-1800
Taxonomy Code
DM-1800.5000
Parent Code
DM-1800
Family Code
D
Second Level Code
DM
Fourth Level Code
DM-1800-5000
Use References
Delinquent Mortgage Counseling, Mortgage Default Assistance, Mortgage Default Counseling, Mortgage Delinquency and Default Mitigation Counseling, Mortgage Delinquency Counseling, Mortgage Discount Counseling, Mortgage Foreclosure Assistance, Mortgage Foreclosure Avoidance Counseling, Mortgage Foreclosure Counseling, Mortgage Foreclosure Information, Mortgage Foreclosure Mediation Services, Mortgage Foreclosure Mitigation Counseling, Mortgage Foreclosure Prevention Information, Mortgage Foreclosure Prevention Programs, Mortgage Foreclosures Assistance, Mortgage Foreclosure Help
Publication Status
Online