Taking Action after Receiving a Foreclosure Notice
Part of the Foreclosure Self-Defense For Dummies Cheat Sheet
If you receive a foreclosure notice (notice of default), it puts you one step closer to losing your home so don’t ignore it and don’t despair, this is your wake up call, take these actions:
If you have a significant other who’s out of the loop, inform him or her.
Your partner is going to find out eventually, and you need all the help you can get.
Contact your lender to describe your situation and discuss options.
Contact a housing counseling agency approved by the U.S. Department of Housing and Urban Development (HUD) by calling 800-569-4287 (TTY 800-877-8339) or by going to www.hud.gov/offices/hsg/sfh/hcc/hccprof14.cfm
If you financed the purchase of your home with a guaranteed loan from the Veterans Administration (VA), contact the VA for assistance; call 800-827-1000 and ask for the number to reach a loan service representative who can assist you.
Start exploring your options and deciding which of those options you want to pursue.