Mortgage, Delinquency, Foreclosure Prevention and Mortgage Counseling

Many Michigan homeowners with home improvement loans through the Oakland County Community and Home Improvement Division are experiencing a reduction in work hours or losing jobs. Homeowners with variable rate mortgages face increasing monthly payments. The reduction in income or increasing mortgage payments may place these families at risk of losing their homes to mortgage foreclosure or tax forfeiture. Timely action can prevent your mortgage company or County Treasurer from begining a legal process to remove you from your home.

Take immediate action to halt the transition from delinquency to default and foreclosure:  Self-help steps (file size 22k)

Timely communication with your mortgage lender is key (file size 33k)

• Mortgage companies can offer payment plans and loan modifications
• FHA mortgage holders may be able to make a partial claim
• People over 62 with some equity may want to research and consider a reverse mortgage
• More housing solutions 

Many homeowners are refinancing their homes to pay credit card debt. This may not be the best approach to address personal or credit card debt. Obtaining an unfavorable mortgage loan may only add to your existing problems. It is important that you fully understand the terms of any refinancing proposal including fees, interest rates and pre-payment penalties before you sign.

Oakland County Housing Counseling Program is free of charge.  
Our staff of highly trained experienced housing counseling professionals may help you keep your home and address your credit or budget challenges.

We do not have a financial interest in addressing your mortgage, tax, personal and credit card problems and provide you unbiased recommendations. The Oakland County Community and Home Improvement Division is a U.S. Department of Housing and Urban Development (HUD) approved Housing Counseling Agency. 

Contact a Housing Counselor if you are unable to pay your monthly, yearly tax payments or would like to review a prospective mortgage refinance proposal before you commit.

Oakland County Housing Counselor (248) 858-5402 
or toll free (888) 350-0900, ext. 85402.
In office counseling is by appointment only.