Life is full of surprises. Sometimes, events beyond our control interfere with our best intentions – like paying our bills. Luckily, there’s help for homeowners who face challenges in making their payments.
If you’re at risk, it’s important to realize you are not alone. Millions of homeowners face foreclosure each year. If you are having difficulty making your payments, your first course of action should be to contact your servicer as soon as possible. Whether you intend to sell your home or stay in it, your servicer can help with a variety of programs to support your goals.
Resources for Every Homeowner
Foreclosure isn’t good for anyone. That’s why the U.S. Department of Housing and Urban Development offers resources to help homeowners find the best solutions for their unique circumstances.
Be cautious of those who claim they could help – sadly, there are scams that take advantage of homeowners in need. Only trust your servicer or HUD-approved counseling agencies when seeking information.
HUD-Approved Housing Counselors
Find foreclosure-prevention counseling in your area.
Homeownership Preservation Foundation
A HUD-approved housing counseling agency
Making Home Affordable Loan Lookup Tool
Find out if your loan is eligible for a lower rate with Making Home Affordable
Quicken Loans Programs for Homeownership Preservation
If Quicken Loans is your servicer, and you’re having difficulty making your payments, your best course of action is to contact our servicing team directly.
At Quicken Loans, we know that your home can be your most powerful asset and your key to moving beyond credit challenges. That’s why we provide options to help you protect the personal and financial investment you’ve made in your home.
Based on your circumstances, you may qualify for one of our many temporary or permanent programs that can help you get back and stay on track. These options include: Repayment Plans, Forbearance Plans, Modifications, or even assistance selling your home.
Before you contact us to discuss your options, please prepare the following information:
- A brief explanation of your hardship. (Later in the process, we’ll ask you to put your explanation into a short letter.)
- A detailed list of all your expenses, loans and bills.
- Proof of all household income – including your most recent pay stub, tax return or profit and loss statement.
Our trained professionals can be reached at (800) 508-0944 or at help@QuickenLoans.com