Deadlines for Federally Backed Mortgage Foreclosures
Lenders and loan servicers may not foreclose on federally backed loans until after February 28, 2021.
Lenders cannot foreclose on loans backed by Fannie Mae or Freddie Mac until after January 31, 2021.
What Your Loan Servicer Must Do If You Request Forbearance
Xổ số trực tiếp 3 miềnIf you're having trouble making payments on your federally backed mortgage because of the coronavirus pandemic, contact your loan servicer before February 28, 2021 if you have a federally backed loan. Your loan servicer must:
Defer or reduce your payments for 180 days if you contact them to make arrangements
Xổ số trực tiếp 3 miềnGive you another 180 days of mortgage relief at your request
Xổ số trực tiếp 3 miềnOffer options for how you can make up the deferred or reduced payments. They will discuss these options with you at the end of your forbearance period.
Find Your Loan Servicer
If you don't know whether your mortgage is federally backed, . You can also check the and the to see if either one owns or backs your mortgage. Together, Fannie Mae and Freddie Mac own nearly half of all mortgages in the U.S..
Step Two: Work With the MHA Program
Xổ số trực tiếp 3 miềnYou can get help through the , which provides free counselors for advice and assistance with keeping you in your home or getting out safely. Visit the MHA website to read about the options and what you’ll need to prepare.
might have a foreclosure avoidance program as well.
If you have an , call the FHA National Servicing Center at 1-877-622-8525.
Beware of mortgage relief scams. One sign of a scam is when they ask for a fee in advance. Learn how to and report housing scams..
How to Protect Yourself from Foreclosure Scams
Xổ số trực tiếp 3 miềnGet reliable foreclosure help and counseling through the government's . Or near you. and find phone numbers to call for help.
Learn about your options. Also be aware of these tricks that scammers use:
- Offering to act as a go-between with your lender or to negotiate with your lender to refinance your loan
- Advising you that they can stop foreclosure by .
- Encouraging you to sign fake foreclosure rescue or mortgage documents
- Claiming that they can perform a to help you hold onto your home
- Offering you
- Don’t fall for .
- Don’t send mortgage payments to any company that is not your loan servicer.
- Don’t sign any documents without having them reviewed by a lawyer or independent expert.
- Don’t stop making mortgage payments.
- Don’t forget that .
- Don’t give anyone your personal information, Social Security number, or bank information. Only share this information if you've confirmed that the company is legitimate.
Making Home Affordable Program
- The offered opportunities to modify or refinance your mortgages, but as of December 30, 2016, no new requests for assistance under any MHA program will be accepted.
- However, the MHA program still offers free counseling and help for homeowners who are having difficulty communicating with mortgage companies or lenders about their needs for mortgage relief. or call 888-995-HOPE (4673).
- The (HAFA) is an alternative solution for homeowners who are interested in a short sale or deed-in-lieu to avoid foreclosure.
Mortgage Company Transferring Your Loan to Another Company
Federal Reserve rules require mortgage companies to notify homeowners when their loans are transferred to another company. The company that takes over your loan must send you a notice within 30 days of acquiring it. Even with a new loan owner, the company that "services" or handles your loan might not change and you might continue to send your payments to the same address. If that loan servicer changes, you will receive a separate notice.
Xổ số trực tiếp 3 miềnFor more information about servicing companies, read the Federal Trade Commission's publication
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Last Updated: January 8, 2021