On Wednesday, December 12th, the City of Rancho Cordova hosted an informative Homeowner Mortgage Clinic to help at-risk homeowners know their options. Presenters from Sacramento NeighborWorks, Human Rights Fair Housing Commission, the Federal Reserve, and the State Agency of State and Consumer Affairs gave borrowers specific advice and steps they can take to address their loan worries and reduce the risk of losing their family home to the auction block. Contact your lender NOW to avoid the risk of losing your home!

All of the important information shared at this Clinic is available here, as well as a video presentation of the Clinic. Please review this information, fill out the Homeowner Mortgage Clinic Loan Review Request Form, and call Sacramento NeighborWorks at (916) 452-5356 if you have any questions.

Worried homeowners can also get help by calling the Homeownership Preservation Foundation’s NeighborWorks National Housing Hotline at 1-888-995-HOPE (1-888-995-4673) or online at www.995HOPE.org) Help, and hope, is only a phone call away.

Resources

• Homeowner Mortgage Clinic Loan Review Request Form (PDF) - Fill out this form, keep a copy, and mail or fax it to your lender to request a loan review and consideration of possible modification.
• Tips for Avoiding Foreclosure / Consejos para evitar la ejecución hipotecaria
• The A-B-C’s of Avoiding Foreclosure Scam (PDF) – Be watchful for signs of foreclosure help that seem too good to be true.
• How to Contact Your Lender  (PDF)- If your lender is listed here, you can help protect your home by contacting them immediately.
• 10 Predatory Lending Warning Signs (PDF)- These questions are a good way for you to know if someone could be misleading you about a loan and its costs to you.
• State of California Homeowner Foreclosure Prevention

If you are facing financial difficulties, the following steps can help you keep your home.

• Contact your lender NOW! Many people avoid their mortgage lenders when money problems occur, but they can help. Most lenders have workout options and are willing to explore every possible option. The key is to contact them as soon as problems occur.
  
• Stay in your home. You may not qualify for assistance if you abandon your property.
  
• Talk to a Housing Counselor. U.S. Department of Housing and Urban Development (HUD) - approved housing counseling agency near you at 1-800-569-4287. They can help you assess your financial situation, prioritize your debts, determine your options and help you negotiate with your lender. They have information on services and programs that may help you. They may also offer credit counseling. These services are usually free of charge.

For more information, go to the U.S. Department of Housing and Urban Development website at www.hud.gov or call the City of Rancho Cordova’s Housing Division at 916-851-8904 if you or someone you know is facing some difficult decisions due to the threat of home foreclosure.

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