Financial Literacy Month Topic #1: Foreclosure Prevention & Scams

Foreclosure Prevention & Scams

Is Foreclosure Knocking at Your Door?
Home, Loan Modifications (www.makinghomeafforedable.gov) are available. If you are having financial challenges due to job loss, underemployment, higher mortgage payments or other reasons, you are not alone! Apply for a loan modification or utilize rescue funds www.hardesthitalabama.gov. Several alternatives are available to save your home and save you hundreds of dollars! If your primary residence has been foreclosed on between Jan 1, 2009-Dec 31, 2010 you may be eligible for a Independent Foreclosure review (could you hyperlink Independent Foreclosure review). For further information call us at 205-251-1572 to schedule an appointment to meet with a HUD certified housing counselor.

*Beware of Foreclosure Rescue & Loan Modification Scams
-To protect yourself make sure and do the following:
**Don’t Panic- Mortgage scams prey on fear. Don’t let fear cause you to premature decision.
**Don’t Act Under Pressure- Do your research and under no circumstances should you pay for assistance.
** Don’t Release Personal Financial Information- Contact your lender or mortgage loan servicer immediately.
**Don’t Assume -Work with a reputable non-profit housing or financial counselors. Please dial 205-251-1572 or click on www.gateway.org and schedulean appointment with a HUD-certified housing counselor.

If you or a loved one is caught up in a foreclosure/loan modification scam see www.findhelp.org !

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Gateway
1401 20th Street South
Birmingham, AL 35205
205-510-2600
Gateway Family Resource Center
205-510-2755
Fax: 205-510-2621
help@gway.org
Gateway Residential / Day Treatment Center
5201 Messer Airport Highway
Birmingham, AL 35212
205-510-2630