| Foreclosure Mitigation Counseling: In foreclosure mitigation counseling a client’s present circumstances are examined and a plan is prepared with the mortgage institution to mitigate the delinquent mortgage. The client is taught all of their options involved in loss mitigation, alternatives to foreclosure are discussed, and a plan is created. |
| CDC Foreclosure Hotline - Call our hotline at 801-994-7222 extension 102, if you are behind on your mortgage payment or if you have had a recent hardship that will make it difficult for you to continue to make mortgage payments. A CDC Housing Counselor will return your call by the end of the following business day, or sooner. Be prepared with the following information before speaking with our housing counselors. |
- How many payments have you missed? (have your mortgage statements on hand)
- What hardship has contributed to your missed payments?
- Have you spoken with your mortgage lender or loan servicer?
- What letters from your lender have you received? (have them on hand)
- What is your income / employment status? (have your last 2 months of pay stubs on hand)
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| Appointments with CDC Housing Counselors to address foreclosure mitigation - Please come prepared for appointments with our Housing Counselors by bringing the following forms filled out and with supporting documentation. |
- Application
- Consent Form
- Personal Financial Disclosure (Budget)
- Third Party Authorization Form
- Hardship Letter
- Pay stubs for past two months for all household members 18 years old or older
- Bank statements for past two months
- Signed copy of tax return for past two years
- W-2 Forms for past two years
- Letter or statement of award for any cash assistance, child support, social security, disability, pension, unemployment, etc. for all household members. If you receive rent from an adult child or other relative, or any other person please provide a copy of the lease agreement, If there is no lease agreement have the renter provide a letter stating they pay rent to you and the amount of the monthly rental payment.
- Last mortgage statement or payment coupon
- Any letters you have received from your lender over the past two months
- Other expense documentation (such as utility bills for gas, electricity, water, sewer, garbage)
- Supporting documentation of reduced income if you have it (such as a letter of termination from a job)
- Proof of additional expenses that contributed to mortgage delinquency. Provide receipts and/or bills paid that are above your normal monthly budgeted costs (for example medical/dental bills or other unexpected high cost bills)
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| Foreclosure Mitigation Resources on the internet |
| U.S. Department of Housing and Urban Development (HUD) Website A presentation of general information about timelines and the foreclosure process |
| The Utah Governor’s Office, in conjunction with the Utah Foreclosure Task Force Website |
| Utah Foreclosure Task Force Foreclosure Prevention Workbook |
| 4 March 2009 - New Federal Programs to help homeowners to refinance or modify mortgages |
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