Slide 1: HUD HOUSING COUNSELING AGENCIES
Pr esented by: Donna Martin SF HUD Off ice, Santa Ana HOC
FHA - Serving the American Homebuyer Since 1934
Slide 2: HUD-Approved Housing Counseling Agenices
Agencies with HUD approval designation: Are non-profit or government agencies Abide by HUD regulations for services offered Meet or exceed eligibility requirements established by HUD
1-800-Call FHA Do not www.hud.gov charge a fee for mortgage
FHA - Serving American Homebuyers Since 1934
Slide 3: Services
HUD-approved agencies offer: Counseling – one-on-one confidential sessions with a housing counselor Education – classroom group training on specific topics Marketing and Outreach – increasing public awareness about housing and credit issues
1-800-Call FHA
FHA - Serving American Homebuyers Since 1934
www.hud.gov
Slide 4: Counseling Process
Screening interview – first meeting with housing counselor to discuss your housing issues Housing Counselor will: Discuss your housing needs/problems Review your financial information Create a budget Refer you to other agencies or services if needed such as to an attorney for legal advice Create an action plan Follow-up after first meeting to gauge action plan progress
1-800-Call FHA
FHA - Serving American Homebuyers Since 1934
www.hud.gov
Slide 5: Counseling Process
Action plan – central to HUD housing counseling Outlines what you and counselor will do to resolve your housing problem or need May include attending classes, contacting your lender, or referrals to other agencies or services such as an attorney or real estate professional You and counselor agree to plan steps It is your responsibility to follow through with action items
1-800-Call FHA
FHA - Serving American Homebuyers Since 1934
www.hud.gov
Slide 6: Counseling Process
Counselor will offer unbiased analysis of your housing situation Counselor will not provide legal advice unless also an attorney Counselor should not refer or “steer” you to the services of a particular real estate professional or lender
1-800-Call FHA
FHA - Serving American Homebuyers Since 1934
www.hud.gov
Slide 7: Your Role in Counseling
Be candid about your current financial situation Indicate if you have any funds available to help pay delinquency – this may help in negotiations with your lender Disclose if the property facing foreclosure is your primary residence or an investment property
1-800-Call FHA
FHA - Serving American Homebuyers Since 1934
www.hud.gov
Slide 8: HUD-approved Agencies
To find the agency closest to you: Go to http://www.hud.gov/offices/hsg/sfh/hcc/ Or Call toll-free (800) 569-4287 Select those agencies that offer “mortgage default” or “loss mitigation” services
1-800-Call FHA
FHA - Serving American Homebuyers Since 1934
www.hud.gov
Slide 9: Consumer Alert
Once a foreclosure notice or notice of default is published or recorded, a borrower will be inundated with offers to “help” Many “foreclosure prevention” companies charge several months mortgage payments to “negotiate” with your lender when you can receive the same services from a HUD-approved housing counseling agency for free Never sign over title to your property or other legal document purported to stop foreclosure without first seeking legal help to review the document
1-800-Call FHA
FHA - Serving American Homebuyers Since 1934
www.hud.gov
