FORECLOSURE INFORMATION PAGE

ARE YOU POTENTIALLY FACING FORECLOSURE?

Don't panic--there is help available (but don't

get scammed!)

Mortgage Foreclosure Scams on the Rise, Warns the Better Business Bureau

http://www.bbb.org/Alerts/article.asp?ID=790

Did you know ...

When struggling homeowners fall behind in monthly payments, some of them don't know whom to trust for help?

That a majority of homeowners do not know that their lender or loan servicer might provide alternatives to foreclosure, such as turning an adjustable-rate mortgage into a fixed rate, modifying repayment plans, changing the interest rate on a loan, adding missed payments to the balance or extending the number of years allowed for repayment?

You are not alone. Don't give up because there is help available.

Although the City of Burbank cannot help you with financial assistance, we are happy to provide you with

the following informational links.

Tips for Avoiding Foreclosure (U.S. Dept. of Housing and Urban

Development)

http://www.hud.gov/foreclosure/index.cfm

Consumer Home Mortgage Information (State of California)

http://www.yourhome.ca.gov/mortgage-help.shtml

Federal Housing Administration

http://portal.hud.gov/portal/page?_pageid=33,717348&_dad=portal&_schema=PORTAL

HUD-Approved Counseling Agencies in California

http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?webListAction=search&searchstate=CA