Foreclosure Prevention

Montgomery County is facing an epidemic of home foreclosures. In fact, from January, 1997 to October, 2008, there were 41,003 home foreclosures in Montgomery County.

There is help available.

Which of these questions applies to you?

If you can answer yes to three or more of these questions, call 211 immediately.

• Do you have Delinquent debt (not medical)?
  

  Delinquent debt negatively affects credit scores. Down the line, you may need to refinance your mortgage and a good credit score is essential.

• Are you behind on your mortgage or struggling to make payments?
  

  Depending on your situation, there may be assistance available for you. Call 211 to help you understand your options.

• Are you unemployed, had a cut in pay, or a significant personal crisis?
  

  Job, pay, or personal changes such as divorce or illness challenge our ability to stay current with our bills. It’s vital to make mortgage and tax payments to keep you in your home.

• Do you owe more than your house is worth?
  

  Just because your house is worth less than your outstanding mortgage doesn't mean you're going to go into foreclosure. Find out where you stand. Ask an expert to help you understand your situation and your options.

• Is your loan scheduled for foreclosure soon?

  Call 211 immediately and contact your mortgage company. Many lenders have expressed their intention to postpone foreclosures in certain circumstances. There may be options available for your situation.