Foreclosure

The Federal Reserve Banks of Atlanta and San Francisco created A Resource Guide for Foreclosure Recovery to help persons undergoing foreclosure prepare for the recovery process.

Please find attached a guide for persons who have experienced foreclosure and next steps toward rebuilding your credit and stability. This guide was developed by Michigan State University. 

For the basics on understanding foreclsoure, visit: https://www.usa.gov/foreclosure  The Making Home Affordable (MHA) program provides help, including free counselors for advice and assistance with keeping you in your home or getting out safely. Visit the MHA website to learn what options you have and what you need to prepare. MHA has a hotline you can call anytime: 1-888-995-HOPE (tel:18889954673) or TTY 1-877-304-9709.

Below is a module created by Idaho Legal Aid Services related to common legal issues surrounding seniors or the elderly and protecting their home  in relation to issues like Medicaid, foreclosure, deed, reverse mortgages, and letting others reside with you.. The module is available in English and Spanish.

Please find attached a template letter that you can use to request information from your mortgage servicer for information regarding escrow accounts if your mortgage loan is currently in forebearance. 

The National Consumer Law Center, Inc. has created a free chapter on Homeowner Rights During the Covid-19 Pandemic. This Chapter covers issues such as Fannie Mae, Freddie Mac, Federal Housing Agency (FHA), VA, and USDA mortgage loans, state-based pandemic-related relief, portfolio and private label securities, and foreclosures. This Chapter is accessible for free here: https://library.nclc.org/free-access-new-chapter-homeowner-rights-during-covid-pandemic.

This guide provides resources for those facing foreclosure and how to request a loan modification or other loan resolution and housing counseling agencies that may be able to assist you.

This brochure provides information on how to protect your rights before and after a foreclosure. 

Idaho Legal Aid Services Fair Lending Project: How To File A Complaint Against Your Lender  

Federal banking regulators have launched a foreclosure review process. Certain current or former homeowners who were the victims of abuses or errors by mortgage servicers will be eligible for compensation...