Texas Foreclosure Intervention Resource Guide

Now Available Online in English and Spanish

This guide is designed to assist homeowners who may be facing foreclosure.

Included are important tips to avoid foreclosure, how to locate HUD-approved housing counseling assistance, understanding mortgage delinquency, preparing to meet with the loan servicer and housing counselor as well as important information about avoiding and reporting loan modification scams.

Click on the links below to view, download or print the guide:

Texas Foreclosure Intervention Resource Guide in English

Texas Foreclosure Intervention Resource Guide in Spanish

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Introducing WaysHome

January 6 2011 Fannie Mae launched WaysHomeTM, a new interactive video to educate homeowners about their options to avoid foreclosure, motivate them to make the right decisions, and encourage them to seek help. WaysHome is part of Fannie Mae’s Know Your OptionsTM consumer initiative to help today’s struggling homeowners and is available on KnowYourOptions.com. Overview A unique and innovative learning tool, WaysHome allows homeowners to put themselves into real-life situations and make decisions — then see the consequences of these decisions play out in front of them. Through WaysHome, homeowners can: Participate in an interactive video simulation. Select a character and go through the simulation “playing” that character. Follow characters as they encounter financial hardships and challenges that affect their ability to pay their mortgage. Choose different paths based on real-life situations. Experience the positive outcomes or negative consequences of their choices (i.e., if they avoid taking action, foreclosure may be their only option). Learn about options that may be available to help. Discover the right paths to avoid foreclosure, know their options, and find their way home. Benefits to You Our research shows that many homeowners still don’t know about — or understand — their options to avoid foreclosure. In fact, many homeowners who are seriously delinquent or in foreclosure have little to no contact with their mortgage company. WaysHome is designed to bridge that gap and encourage homeowners to take action before it’s too late.

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Texas Foreclosure Prevention Task Force

Frequently Asked Questions about Foreclosure by Borrowers (English and Spanish)

You and Foreclosure Prevention (English and Spanish)

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Homeownership Preservation Foundation’s HOPE for Homeowner’s Hotline

HOPE Hotline

888-995-HOPE Foreclosure Hotline for Borrowers

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Office of the Comptroller of the Currency – OCC

Consumer Tips for Avoiding Foreclosure Rescue Scams

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Federal Reserve Bank of Dallas Foreclosure Resource Center, http://dallasfed.org/ca/foreclosure.cfm, has information for Consumers, details on Events and Conferences, News, Research Publications, Community Resources, Foreclosure Maps, and Policy and Regulation.

File a complaint with Federal Reserve Bank online.

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Mortgage Electronic Registry System – MERS

Who is your loan servicer?

Look in MERS – The Mortgage Electronic Registry System

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Office of the Attorney General of Texas

Consumer Protection, Mortgage and Homebuying Issues from the office of Attorney General of Texas Greg Abbott

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U.S. Department of Housing and Urban Development - HUD

Find a HUD Approved Housing Counselor here and HUD Tips for Avoiding Foreclosure here.

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Freddie Mac

Freddie Mac Tips for Avoiding Foreclosure.

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Legal Services Corporation promotes equal access to justice and provides high-quality civil legal assistance to low-income Americans. Go here for a searchable list of programs.

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Americans for Fairness in Lending can help if you would like to file a complaint against a lender here.

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IRS

IRS Questions and Answers on Home Foreclosure and Debt Cancellation.

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