If you are struggling to pay your mortgage payment please consider taking these steps:

1. Contact your mortgage lender. Establishing a relationship with the lender is the first step to being able to arrange repayment solutions. Explain the situation, and ask if it's possible to renegotiate your loan. Acting promptly can help prevent the downward spiral into foreclosure and debt.

 2. Obtain financial counseling. By doing so, you can gain insight and direction for the next step. Trained counselors can help you explore your options, provide legitimate and appropriate resources for your personal situation, and negotiate with the mortgage lender. Many organizations provide this service for free of charge (see below).

3. Review your budget. If you do not have a budget, make one. By creating a budget, you could gain more awareness of where your money goes and how to structure a more sustainable financial life. A review of your budget may help you restructure your mortgage payment.

 

Foreclosure Prevention Resources

Immediate Resources

Arizona Department of Housing

http://www.housingaz.com/

1110 W. Washington St., Suite 310

Phoenix, AZ 85007

Phone: 602-771-1000

Neighborhood Housing Services of Phoenix

www.nhsphoenix.org

NHS Phoenix, Inc.
1405 East McDowell, Suite 100
Phoenix AZ 85006

Phone: 602.258.1659

Email: programs@nhsphoenix.org

Homeownership Preservation Foundation

www.955hope.org

Homeownership Preservation Foundation

8400 Normandale Lake Blvd., Suite 250
Minneapolis, MN  55437
Phone: (952) 857-8910

Hotline: 888-995-HOPE

Information

Home Loan Learning Center:

http://www.homeloanlearningcenter.com/YourFinances/ForeclosurePreventionResourceCenter.htm

Home Ownership Mortgage Education:

http://www.homebycountrywide.com/

HOPE NOW

If you are having trouble paying your mortgage, please contact your lender or a credit counselor. Find out your options now – don’t waste another minute!

HOPE NOW is a cooperative effort between counselors, investors, and lenders to maximize outreach efforts to homeowners in distress.

Hopenow.com

NeighborWorks Center for Foreclosure Solutions

The NeighborWorks Center for Foreclosure Solutions was created to preserve homeownership in the face of rising foreclosure rates.

http://www.nw.org/network/home.asp

               

Primavera Foundation (Tucson)

The Primavera Foundation promotes economic and social justice while working to build a future in which all people are assured basic human rights, a livable income, and safe, affordable housing.

http://www.primavera.org/housing_homeownership.php

 

Financial Education Resources

National Council of Economic Education 

http://www.ncee.net/resources/

 

Institute of Consumer Financial Education

http://www.financial-education-icfe.org/  

 

The Jump$tart Coalition for Personal Financial Literacy

http://www.jumpstart.org/index.cfm 

 

The Institute for Financial Literacy

http://www.financiallit.org/

 

Chicanos por la Causa

http://www.cplc.org/index.html 

CPLC Corporate Headquarters

1112 East Buckeye Road

Phoenix, Arizona 85034-4043

Phone: (602) 257-0700