Dealing with mortgage debt can be really stressful and overwhelming. I totally get it if you’re feeling like you don’t know where to turn or who to trust. But there are legitimate options out there that can help – you just gotta know where to look.
There are some great nonprofits that provide free financial counseling to help people in tough situations figure out their options. I’d start out by checking out organizations like NeighborWorks America or the National Foundation for Credit Counseling.
The counselors at these places can walk you through stuff like:
The best part is they won’t charge you a dime. I mean hey, it can’t hurt to start there before paying some rando company or lawyer, ya know?
If you need more hands-on help actually getting your mortgage modified, there are companies that specifically focus on that. But fair warning – some of them kinda suck, ngl.
Before hiring anyone, you gotta do your homework and vet them out. Here’s what to check:
If you want legal firepower in your corner, it may be worth hiring a real estate attorney who specializes in stuff like mortgage modifications, foreclosure defense, and bankruptcy.
The nice thing is you can often find ones who offer free consultations, so you can pick their brain before shelling out. Places to search include:
I might start out by checking if there are real estate lawyers on Avvo or NOLO that service your neighborhood. But the state bar is always a safe bet too.
So get this – the government actually has programs in place to help struggling homeowners avoid foreclosure. Who knew?
Two big ones are:
The first step is to contact your mortgage lender or loan servicer directly to ask about applying. I’d also talk with a nonprofit credit counselor or real estate attorney to get help navigating everything.
Some key things the programs look at are:
Assuming you meet the eligibility criteria, they can reduce or suspend your mortgage payments for a while to help you get back on track. Pretty sweet deal honestly!
As you’re researching options, be super wary of mortgage relief scams. They totally take advantage of vulnerable homeowners.
🚩Red flags include:
If anything seems fishy, trust your gut! And remember, there are legitimate ways to deal with mortgage debt without being scammed.
Just to recap, here are some solid first steps to take in finding legitimate help:
And above all – steer clear of anything that smells like a mortgage relief scam! There are real solutions out there. Stay hopeful and keep plugging away. You got this!
Please fill out the form below to receive a free consultation, we will respond to
your inquiry within 24-hours guaranteed.