Foreclosure Prevention

Have you missed a mortgage payment?

Contact Homeownership SF to get connected with a HUD approved housing counseling agency to:

  • Identify and help you apply for emergency assistance programs, including COVID-19 HELP and the California Mortgage Relief Program.
  • Understand and weigh your options.
  • Plan and prepare for repayment.
  • Get assistance negotiating with your mortgage lender.
  • Get support with emergency budgeting to prioritize bills, manage debt, and rebuild your credit or income.

In addition to connecting with a housing counselor:

  • Do not ignore the problem.
  • Open and respond to all mail and communications from your lender.
  • Reach out to mortgage lender right away to negotiate or modify the loan.
  • Keep a log of all conversations with lender including date and person you spoke to.

Beware of  Loan Modification & Foreclosure Scams

A dangerous threat has arisen for homeowners who have fallen behind on their mortgage payments and may be at risk of foreclosure – opportunistic companies. They often refer to themselves as a “foreclosure consultant” or “mortgage consultant,” and market themselves as a “foreclosure service”, “foreclosure rescue agency” or “loan modification company.” They count on homeowners being vulnerable and desperate. These companies claim they can assist homeowners facing foreclosure with options that allow them to keep their property, refinance or modify an existing mortgage, repair credit or help “buy more time.” In reality, these “options” are intended to convince you to take the wrong steps so they can take your money and possibly your home. Remember the old saying, “If it’s too good to be true, it probably is. ” Be safe. It is important that you take action by contacting one of the Foreclosure Intervention Counselors at one of your local HUD Approved Housing Counseling Agencies here in San Francisco and listed above to help you explore your options, which may range from modifying your loan to refinancing your loan to selling your home and transitioning with dignity.

Additional Tips for Avoiding Mortgage Foreclosure Rescue and Loan Modification Scams

If you are facing financial difficulties and have fallen behind on your mortgage payments or are struggling to make them on time – we encourage you to start exploring your options today. Contact us to schedule a counseling appointment  at one of HUD approved agencies in San Francisco: ASIAN, Inc.,BALANCE, MEDA, or SFHDC.  These agencies provide FREE foreclosure intervention counseling services.


如果您面臨財務困難並且拖欠按揭付款或正在努力按時付款中 – 我們建議您馬上開始探索您其他的選擇。您可以安排一個諮詢預約,與其中一家三藩市 HUD 的非牟利房屋顧問機構交談:ASIAN, Inc.BALANCEMEDASFHDC。我們非牟利房屋顧問機構提供免費止贖幹預一對一諮詢服務。


Si tiene dificultades pagando su hipoteca, lo animamos a explorar sus opciones hoy mismo. Contactenos para programar una cita con una de las agencias aprobadas por HUD en San Francisco: ASIAN, Inc., BALANCE, MEDA, o SFHDC. Estas agencias brindan asesoramiento GRATUITO para intervenir una ejecución hipotecaria.


Kung may hinaharap kayong mga suliraning pampinansiyal at ikaw ay nahuhuli sa iyong bayad sa bahay o nahihirapang magbayad nang wasto sa oras – hinihikayat namin kayong simulang alamin ngayon ang inyong mga mapagpipiliang katugunan.  Humiling ng oras upang makipag-pulong sa isang tagapagpayo sa pabahay mula sa isa sa mga ahensiyang aprubado ng HUD sa San Francisco: ASIAN, Inc., BALANCE, MEDA, or SFHDC.  Ang mga ahensiyang ito ay nagbibigay ng LIBRENG pagku-kunsulta laban sa foreclosure.


Prepare For Your Counseling Session

In order to prepare for a productive meeting with a HUD Certified Housing Counselor, start by gathering the following documents which you will also need to provide to your mortgage company to apply for mortgage assistance programs. 

  • Last mortgage statement, including statement for line of credit or other loans against the house
  • Most recent pay stubs for all household members contributing toward the mortgage payment
  • Last two years of federal tax returns
  • If self-employed, the most recent quarterly or year-to-date profit and loss statement
  • Documentation of income you receive from other sources such as alimony, child support, social security, unemployment, disability, etc.
  • Two most recent bank statements
  • Unemployment insurance letter, if applicable
  • Account balances and minimum monthly payments due on all of your credit cards
  • Information about your savings and other assets
  • A letter or statement describing any circumstances that caused you to fall behind on mortgage payments such as job loss, divorce, illness, etc.

Foreclosure Prevention Programs

If you are having trouble making your mortgage payments, explore these options with your housing counselor and your mortgage company which may bring your account up to date.

  • COVID-19 HELP (Homeowner Emergency Loan Program): Loans that may be used for: Current and future HOA dues for up to 12 months, Delinquent HOA dues, Delinquent and current special assessments, Mortgage forbearance deferred payments that are due in one lump sum when an affordable repayment option is not available or Delinquent non-escrowed property taxes.
  • Homeowner Emergency Loan Program (HELP): Loans that may be used for: Past due Mortgage Payments, Past due HOA monthly dues, Past due property taxes, Special assessments (e.g. renovation costs passed down to residents), BMR Homeowners in need of financial assistance to complete necessary repairs in order to sell property.
  • California Mortgage Relief Program (Coming Soon): California is on track to receive $1 billion in mortgage relief funds from the American Rescue Plan Act’s Homeowner Assistance Fund. Homeowners who have fallen behind on their mortgage payments due to pandemic-related financial hardship can use these funds to get caught up.
  • Mortgage Reinstatement: If you have enough cash, you can “reinstate” your mortgage by making up all the missed payments plus fees and interest the lender/mortgage company charges you in one lump sum.
  • Forbearance: A temporary period of time during which a regular monthly mortgage payment is reduced or suspended.
  • Repayment plan: A process in which a homeowner promises to pay down past due amounts on a mortgage while continuing to make regular monthly payments on a property.
  • Mortgage modification: A modification is any change to the terms of your mortgage loan, including changes to the interest rate, loan balance or loan term.
  • Short Sale: A short sale is the sale of a home for less than the balance remaining on your mortgage. If your mortgage company agrees to a short sale, you can sell your home and pay off all (or a portion of) your mortgage balance. Consider this option if you can no longer afford your home.
  • Deed-in-Lieu of Foreclosure: With a Deed-in-Lieu of Foreclosure (DIL), you transfer the ownership of your property to the owner of your mortgage in exchange for a release from your loan and payments.

Other Foreclosure Prevention Resources

Use the following resources and information to guide you in sustaining your home if possible.