What are the main points I should remember?
Don’t lose your home and damage your credit history if you can help it. • Call or write your mortgage lender immediately. • Stay in your home to make sure you qualify for assistance. • Arrange an appointment with a HUD-approved housing counselor to explore your options. • Cooperate with the counselor or lender trying to help you. • Explore every alternative to losing your home. • Beware of scams. • Do not sign anything you don’t understand. And remember that signing over the deed to someone else does not necessarily relieve you of your loan obligation. • Act now. Delaying can’t help. If you do nothing, You will lose your home and your good credit rating.
