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Your Common Foreclosure Questions, Answered

Foreclosure is a legal process that begins when you do not make your mortgage payments. This post will answer some of the most commonly asked questions about the foreclosure process.

Loan Modification

What to Know about Loan Modification

An estimated 2.2 million homeowners holding 4.47% of the nation's mortgage loans are currently in forbearance, according to data from the Mortgage Bankers Association.  While most lenders and loan servicers have been willing to work with homeowners during the pandemic, the latest announcements show that relief protections are set to end at the end of July 2021.   With [...]
Small toy home and 3D-printed question mark sat on a desk side-by-side

Taking the Next Step after Forbearance Ends

People relying on COVID related forbearance relief are watching what programs will be extended as we navigate the ongoing pandemic. 

995Hope Housing Experts

Ask the Experts: Experienced Housing Counselors Help You Understand Your Options

Sometimes financial challenges may lead to falling behind on your monthly mortgage or rent. While it can be confusing to understand your options, remember you are not alone. 

Guidance from the Experts: 995Hope Counselors Help You Stay in Your Home

A place to call home is essential in life.  But sometimes financial challenges may lead to falling behind on monthly mortgage or rent.    You are not alone.    Waiting to Talk to You are Experienced, HUD-Certified 995Hope Counselors:  Greg Nelson, an experienced professional with seven years of experience. Who works out of 995Hope’s Las Vegas, Nevada location.   Paul Flynn, […]

Do you qualify for pandemic-related mortgage relief?

A MarketWatch article shares insights from 995Hope’s parent organization, the national nonprofit GreenPath Financial Wellness.   A recent article looks at the options for those struggling with mortgage who don’t think they qualify for pandemic-related payment relief. The advice? Don’t despair. As a start, take steps to get back on track.  First, pin down who owns your mortgage.   [...]

Forbearance Options Webinar

Forbearance Options and Resources for Helping Borrowers with Federally Backed Mortgages: Webinar and Discussion with CFPB, FHFA, HUD, USDA, and VA Date: Monday, March 22, 2021 Time: 2:00 – 4:00 p.m. EDT Staff from the CFPB Office of Mortgage Markets will review the various forbearance materials available  to help consumers navigate the forbearance process as […]

Now’s the Time: Even with Mortgage Relief, Be Proactive

Being Proactive. There is good and better news for homeowners managing their finances during the current pandemic. The good news is with the Biden administration’s recent announcement of a forbearance extension, there is temporary financial relief for families. The better news is that you have an opportunity to establish a more solid financial foundation. Now [...]

GreenPath and Homeownership Preservation Foundation Help COVID-19 Affected Homeowners Avoid Foreclosure

National nonprofit assists thousands of homeowners unable to make mortgage payments and uncertain about forbearance protections. Read Full Announcement > FARMINGTON HILLS, Mich. (February 18, 2021) –  GreenPath Financial Wellness, a national nonprofit that provides financial counseling and debt management services and its affiliate, Homeownership Preservation Foundation (HPF) that provides housing counseling services, helped 19,500 borrowers experiencing  COVID-19 and […]

Why Renters and Homeowners Should Act Now, Before a Crisis

Owning a home is a goal for many of us. But what do we do when we face unexpected challenges and that goal is derailed? As the pandemic continues to challenge household finances, the recent extension of eviction and foreclosure moratoriums on Federally or Government Sponsored Enterprise backed mortgages (FHA, VA, USDA, Fannie Mae and […]