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Foreclosure Prevention

If you are facing foreclosure, help is as close as your telephone. Just make the first call.

Call the United Way at 1-800-650-4357 (or 2-1-1), or visit United Way of Toledo for referral to the most appropriate local or national resources.

Hope is available to any homeowner in America having trouble paying their mortgage. Call 1-888-995-HOPE (4673) any time. Counselors are available 24 hours a day, 7 days a week and provide free foreclosure prevention counseling. They will help you negotiate with your lender free of charge.

These organizations can also help:

  • Foreclosure Intervention Hotline (24 hours/7 days a week)
    Ohio Home Rescue Fund managed by the Homeownership Preservation Foundation
    Tel: 888-995-4673
    Website: Ohio Home Rescue Fund

  • Legal Aid of Western Ohio (LAWO) & Advocates for Basic Legal Equality (ABLE)
    Legal Services
    Tel:     419-724-0640, 888-534-1432
    Website: Legal Aid of Western Ohio

 

 

  

  • Adelante LRC
    Bilingual homeownership and financial literacy
    Tel: 419-244-8440
    Website: Adelante Toledo

 

  • Toledo Tax Controversy Clinic
    University of Toledo College of Law
    The Clinic provides free representation to taxpayers who are facing tax difficulties (including federal income tax).
    Tel:     419-684-8822 (ext. 1)
    Website: Toledo Tax Controversy Clinic

 

Remember...

  • Do not ignore letters from creditors. Some foreclosures can be halted if you communicate with your lender promptly.

  • Typically, lenders do not want your home; they want your house payments.

  • Foreclosure proceedings may cost your lender a lot of money.

  • Often it is in everyone's best interest to agree on new terms that modify the current mortgage.

  • Call or write your lender.

  • Contact the lender's "Loss Mitigation" or "Foreclosure Prevention" department.

  • Ask the lender to send you a "work-out' packet to update your financial information including current income, expenses and other debts.

Be aware of scams

  • Solutions sounding too good to be true usually are.

  • Be aware of predatory lending and don't be a victim.

  • Be aware of unscrupulous people who will take advantage of your troubles.

  • Be aware of phony counseling agencies that charge large fees to perform services you can do for yourself with assistance from the sources listed in the directory above.