I can’t make my mortgage payments. How long will it take before I’ll face foreclosure?
If you are having trouble making your mortgage payments, act quickly. Contact your mortgage servicer to find out if there are options for you to avoid foreclosure. Respond to your servicer if they try and contact you.
You should also contact a HUD-approved housing counselor to get free, expert assistance on avoiding foreclosure. Many mortgage servicers offer programs to help people avoid foreclosure. These programs are called “loss mitigation” programs. The loss mitigation process can be difficult. A HUD-approved housing counselor can guide you through the process. You can call the CFPB at (855) 411-CFPB (2372) to be connected to a HUD-approved housing counselor in your area or you can search online for one near you.