Options for Borrowers to Help Avoid Foreclosure

1. Make all payments on time
2. If you cannot make all payments on time, communicate and be ready to discuss what you can do instead.
3. Call to discuss options that may be available to you regarding a potential modification of your loan. Be prepared to present the following:
   a. Potential pledge of additional real estate collateral
   b. Recent Pay Stubs
   c. Last 2 year tax returns
   d. List of obligations and/or assets

Toll Free Numbers

OMICI - To contact Olympia Mortgage & Investment Co., Inc. please call collect at 530-272-3030 between the hours of 9:00 a.m. to 5:00 p.m. and press 0 to speak with someone immediately.

HUD - To find out more about HUD-approved housing counseling agencies and their services, please call (800) 569-4287 on weekdays between 6:00 a.m. and 2:00 p.m. PT. You can also get an automated referral to the three housing counseling agencies located closest to you by calling (800) 569-4287.
 

 

Copyright © 2006 Olympia Mortgage & Investment Company, Inc.
Real Estate Broker – CA Dept. of Real Estate –License #01325631