A summary of foreclosure prevention tips offered by the U.S. Housing and Urban Development and Brothers Redevelopment Inc. of Denver:
— Contact your mortgage company as soon as you realize there may be a problem with making payments. Make sure to respond to all mail and other correspondence from the company.
— Educate yourself about homeowner’s rights, foreclosure prevention options and foreclosure laws.
— Read mortgage documents carefully to become familiar with what would be required if you are unable to make payments.
— Prepare and follow a household budget to keep spending in line. Try to cut costs on non-essential items such as television subscription services and other entertainment.
— Look for ways to make extra money by selling non-essential assets, taking an additional job or even renting out a room.
— Make an appointment with a non-profit housing counselor to review your situation and provide any assistance that’s needed.
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On the Net:
U.S. Housing and Urban Development Department:
Brothers Redevelopment Inc.:
