NPA is committed to providing resources to America’s homeowners who have been affected by the housing crisis. In this section, you will find government programs to help improve your financial housing situation and information to resolve issues with the entities we regulate and supervise.
Be cautious of scams or loan modification companies who will take advantage of homeowners when offering services for an upfront fee.
We are responsible to cultivate you about your rights, especially when it is about your most prized possession, your home.
Our organization enforces the right for homeowners to defend foreclosure on their homes when delinquent.
With our wide range of certified and distinguished law firms, we will restore your case in the best possible way that will also require the homeowner’s active cooperation. Your case could be accepted or denied based off of the underwriting report.
Notice of Default: If you have received a notice of default, your lender is threatening you that missing your monthly payments will result in the induction of pre-foreclosure.
Notice of Intent to Foreclose: If you have received a foreclosure letter, your lender has legal attempts to recover your delinquent balance and has hired a foreclosure law firm that will be obligated to foreclosure on your home.
Notice of Sale/Sales Date: If you have received a notice of sale letter, your home will be sold on a specific date and you will only have a little amount of time to evacuate the home. This will lead to horrible damages to your credit.
We sympathize applying for a mortgage restructure program is troublesome, but we take pride in supporting thousands of homeowners around the country preserve their beloved homes. We also understand you have spent a lot of time, energy, and money in rehabilitating your home and all you want to do is keep your most important asset.
We will have faith because our trustworthy associates will identify the right program for you and place you in a specific category in which you are eligible for.
Find information on mortgage assistance and foreclosure prevention programs from various companies, counseling agencies, banks and states. Numerous organizations have pledged to provide loan modification and other forms of mortgage help to millions of Americans.
Resources are available that can help prevent or stop foreclosures as well as assist homeowners with paying their current and back mortgage payments.
The programs vary in what they can offer. In some cases direct financial assistance may be provided to help you pay your mortgage for a short period of time. Payment plans or reduced monthly payments may be offered.
However most of the governments programs will help facilitate some form of loan modification to qualified homeowners. This will provide families time to get back on track by ideally lowering their monthly payment, reducing interest rates.
Foreclosure mediation programs have been created by cities, counties, and state governments. A number of local court systems have also created mediation programs that will ensure lenders, banks and homeowners meet with an attorney or professional mediator to explore all solutions to a foreclosure.
Learn more on foreclosure mediation programs and whether your state or local government offers one.
Property tax help is available which will in effect free up a homeowner’s income. Since home values have declined in most parts of the nation, you are more than likely paying too much in real estate and property taxes.
Learn how to lower your property taxes by contesting your property assessment. There is no cost to do this, and anyone can challenge the assessed value on their home.
If you are having difficulty making your mortgage payments, one of the most important things you can do is be proactive.
Review the terms and conditions of your mortgage, learn about the foreclosure process for residents in your state and what may lead up to it, and find out more about the resources on a local, state and national level available to assist you in working with your lender and your finances.
In the contract you signed when your mortgage lender loaned you money to buy your house, you agreed that if you can’t repay the loan, the lender can foreclose to take ownership of the house.
Foreclosure is a situation in which a homeowner is unable to make mortgage payments as required, which allows the lender to seize the property, evict the homeowner and sell the home, as stipulated in the mortgage contract.
If you do not pay your monthly mortgage payment, you are technically in default on your mortgage. State laws vary, but generally, a loan that is as little as 90 days delinquent can be considered in foreclosure.
Your lender may send you a notice indicating that they are starting foreclosure proceedings, but don’t wait; take steps to prevent a foreclosure as soon as you realize you are having trouble paying the mortgage.