Foreclosure Prevention

Whether you're in foreclosure now or worried about it in the future, you can get help – for free.

People may face foreclosure for many reasons - extreme changes in life situations, job loss, death, divorce, prolonged illness, an immediate need to relocate, etc. Foreclosure can occur when payments become three to four or more months late, depending on the mortgage terms. A foreclosure remains on your credit report for seven to 10 years.

The mortgage company sustains an average loss of about $58,000 when foreclosure occurs (TowerGroup study). They are in the business of providing mortgages - not owning or selling homes - and would always prefer to keep you in your home.

So if you are having trouble paying your mortgage, don’t wait. Contact your loan servicer or reputable counseling agency as soon as possible to discuss options.

Beware of foreclosure rescue/mortgage modification scams – Help is free

Foreclosure rescue and mortgage modification scams are a growing problem. Homeowners must protect themselves so they do not lose money—or their home. Scammers make promises that they can “save” your home or lower your mortgage, most times for a fee. Scammers may pretend that they have direct contact with your mortgage servicer when they do not.


Ohio Governor’s Office - (888) 404-4674

NeighborWorks America® - Hope Hotline - (888) 995-HOPE(4673)

Federal Government

Foreclosure Prevention Resources

U.S. Department of Housing and Urban Development (HUD)
(800) 569-4287 or Hope Hotline (888) 995-HOPE(4673)

(614) 221-8889

Ohio Governor’s office – Save the Dream
(888) 404-4674