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| How to aviod foreclosure and keep you house |
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| You're not alone if you're a Shreveport Bossier City homeowner having trouble paying your mortgage payments. The housing boom led to a record homeownership rate of nearly 70 percent, but some homeowners now face problems making their mortgage payments and can't refinance their loans. |
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This guidance is applicable to all homeowners with FHA Insured loans. Provided on this website expecially for Shreveport Bossier City homeowners in danger of loosing thier homes. While a good deal of this information may apply to all  homeowners in danger of losing their homes, not all of the foreclosure avoidance tools mentioned may be available to you if you have a VA or conventional loan. Additionally, HUD/FHA does not have any Loss Mitigation oversight over VA or conventional loans. Please contact your lender, one of our "Local and Trusted Real Estate Mortgage Providers" or a housing counseling agency. |
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| What happens when I miss my mortgage payments ? |
Foreclosure may occur. This is the legal means that your lender can use to repossess (take over) your home.
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| What should I do? |
| Do not ignore letters from your lender. > click here |
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| What are my alternatives? |
| You may be considered or eligible for > click here |
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| How do I know if I qualify for any of these alternatives? |
Your lender will determine if you qualify.
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| Should I be aware of anything else? |
Yes - Beware of SCAMS. Solutions that sound too easy or too good to be true usually are.
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| Are there precautions I can take? |
Here are several precautions that should help you aviod being "taken" by a scam artist.
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| What are the main points I should remember? |
Act now, delaying can't help. If you do nothing, YOU WILL LOOSE YOUR HOME and good credit rating.
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| MAIN OFFICE® is a HUD Approved Broker |
| U. S. Department of Housing and Urban Develelopment |
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| Courtesy of Department of Housing and Urban Development |
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U.S. Department of Housing and Urban Development
451 7th Street S.W., Washington, DC 20410
Telephone: (202) 708-1112 TTY: (202) 708-1455
Find the address of a HUD office near you |
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Content updated April, 28, 2006 on HUD website |
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