Foreclosure Prevention/Loan Modification Assistance
In Connecticut, the Department of Banking operates a Foreclosure Prevention Program to assist homeowners who are attempting to achieve a loan modification and prevent foreclosure. Homeowners should visit the Department of Banking’s website, which has valuable information on avoiding scams, applying for loan modifications, and navigating the foreclosure process. Homeowners can also call the Foreclosure Assistance Hotline at (877) 472-8313.
The Obama Administration’s Making Home Affordable Program includes opportunities to modify or refinance your mortgage to make your monthly payments more affordable. It also includes the Home Affordable Foreclosure Alternatives Program for homeowners who are interested in a short sale or deed-in-lieu of foreclosure. Details of the program are available on the HAMP website. Homeowners may also call the HOPE hotline at 888-995-HOPE for more information and assistance.
Homeowners attempting to achieve a HAMP loan modification with their mortgage loan servicer may wish to contact a HUD-approved loan counselor who can provide assistance with the application process for obtaining a modification pursuant to the federal HAMP guidelines. A list of the organizations in Connecticut offering such assistance is available on the following HUD webpage.
Homeowners facing a judicial foreclosure action should consult a useful manual on the foreclosure process published by the Connecticut Fair Housing Center, a non-profit organization. The manual, entitled “Representing Yourself in Foreclosure: A Guide for Connecticut Homeowners” is available on the Connecticut Fair Housing Center’s website along information on foreclosure prevention clinics offered to homeowners.
Pro Bono Representation
Homeowners facing a judicial foreclosure action are strongly encouraged to consult with a private attorney in order to protect their rights. Homeowners can seek to qualify for pro bono legal assistance through a non-profit organization or volunteer attorney by calling the Statewide Legal Services Hotline at 1-800-453-3320 (or 1-860-344-0380 from Middletown and Hartford).