Resolving or Preventing Mortgage Delinquency or Default service is a one-on one consultation provided to families in time of financial difficulty to prevent mortgage default and assist families facing foreclosure with alternative options. During the counseling session, regarding options available include (re-financing, default, foreclosure prevention, sale and transition from the home). Additional counseling options include loss mitigation, budgeting and credit; restructuring debt; and establish reinstatement plans. It may also include helping clients affected by predatory lending; foreclosure prevention strategies; explaining the foreclosure process; providing referrals to other sources.
