Mortgage Delinquency and Default Resolution Counseling
HOND offers one-on-one counseling designed to help homeowners resolve mortgage delinquency and/or prevent foreclosure. With the help of a counselor, possible solutions are discussed and a plan developed to resolve the delinquency. Our services offer hope to homeowners who are delinquent on their mortgage and/or facing foreclosure. The counseling service specifically provides: 1) a thorough financial analysis to assess the client’s ability to maintain the mortgage; 2) help to submit a complete and accurate loss mitigation packet to lender on the client’s behalf to initiate the review process; 3) help in working with the lending institution to develop a mutually agreeable workout option to prevent default and/or foreclosure for the client; 4) budget counseling to reduce the risk of future mortgage delinquency issues.

Mortgage Delinquency and Default Resolution Counseling from HOND provides clients who are delinquent on their mortgage or facing foreclosure, the opportunity to bring their mortgage payments current and potentially save their home. This is accomplished through education and advocacy. HOND’s housing counselors will work on behalf of the client with their mortgage company to find a workable solution for both parties. The housing counselor assesses the client’s current financial situation and creates detailed budget based information gathered in a private one-on-one counseling session. After the detailed budget has been drafted, the housing counselor will be able to determine the best course of action and work with the client and the mortgage company toward a realistic and beneficial solution for all parties. HOND’s’ housing counselors will typically work with clients to achieve the following: 1) Loss mitigation; 2) Forbearance 3) Loan modification 4) Partial Claim 5) Repayment Plan 6) Deed in lieu 7) Short sale.