 |
Portland Foreclosure Quick Clicks > Government Mortgage Help > Collection Laws in Oregon |
| Home | First Time Buyers | Foreclosure Basics | Foreclosure Listings | Get Out of Foreclosure | Get advice |
|
|
 | | |||||
|
Get out of foreclosure
New Oregon foreclosure law Foreclosure refinance Making home affordable Home loan modification Refinance Debt collection laws |
 |
 Partial claim
Use your mortgage insurance policy If you are paying mortgage insurance, the insurer of your loan may consider assisting by lending you money to pay for the late payments and late fees. Contact your lender or insurer to ask if you qualify, and how the assistance is to be repaid. FHA and VA loans have their own guidelines for assistance under this option. How to get a partial claim from HUD Things you'll need: Letter of explanation, tax returns, banks statements, proof of income Step 1 Know what a partial claim is. HUD provides you with an interest-free loan that is secured by your home, in the amount of the arrearages plus all additional fees. You begin paying back this amount after you pay off the mortgage. Step 2 Call your lender to get general information regarding partial claims and HUD contacts to help you through the application process. Your lender also will send you a list of all necessary documentation needed to proceed with the partial claim process. Step 3 Prepare a letter of explanation stating for HUD the reasons you fell behind on the mortgage and what you have done to overcome the financial hardship. Step 4 Provide a proof of income as part of partial claim process. This is done so that HUD can be assured that you will be able to meet your financial obligations. Step 5 Get your tax returns for the past two years. A copy of your taxes, in their entirety, must be included when submitting for a partial claim. Step 6 Gather your bank records for the past three to six months. The length of time will depend on your lender. Step 7 Send the completed packet to your lender. Alternatives to foreclosures include:
| ||||
  |
| Home | First Time Buyers | Foreclosure Basics | Foreclosure Listings | Get Out of Foreclosure | Get advice |
|
|
PortlandForeclosure.com: Portland Foreclosure. Educating the public on foreclosures in Portland and Portland foreclosure related issues. If you are a first-time home buyer, seasoned investor or home owner, you've found the right place to discover. Our online resource and help center on foreclosures is the most extensive foreclosure website in the Portland metropolitan area. We actively update foreclosure data for counties including Multnomah, Clackamas, Yamhill, Washington and Clark County. Location: 1030 NW 12TH AVE #TH4-1, Portland, OR 97209 Phone: Contact Page Email: Contact Page Copyright © 2010, Portland Foreclosure. PortlandForeclosure.com. All rights reserved. Report web site corrections and broken links only to corrections.  Privacy policy.
Disclaimer: Information provided is of public record. We do not guarantee the accuracy. In some instances, homes have been brought current, their default has been cured and they are no longer in the foreclosure process. |
AVOID FORECLOSURE: Forbearance or repayment plan Mortgage loan modification Partial claim Pre-foreclosure or short sale Deed-in-lieu of foreclosure Cash-for-keys Fannie Mae’s Deed for Lease program Making home affordable program Filing Chapter 13 Bankruptcy Filing Chapter 7 Bankruptcy |
|
