for Homeowners
at Risk of Foreclosure
Foreclosure Prevention
Counseling
Overview
To support Connecticut
homeowners who are struggling financially and at risk of
foreclosure,
HUD/CHFA-approved housing counseling agencies throughout the
state offer a range of Foreclosure Prevention Counseling
services free-of-charge to homeowners who are delinquent or
in danger of becoming delinquent on their mortgages.
Counseling is available for homeowners at risk of face
foreclosure to assist them in identifying the causes and
possible solutions to their financial issues. For
these homeowners
housing counselors can negotiate with lenders on their
behalf to work out mutually-acceptable plans that address
their mortgage issues.
Homeowners accepted into the
Mortgage Crisis Job Training
Program are required to participate in Financial Fitness
counseling in order to qualify for job training services.
(See,
Financial Fitness counseling schedule.) Housing counselors may also refer homeowners to other
services and programs as needed. Eligible homeowners with
non-FHA-insured loans may be referred to CHFA for assistance
under the
Emergency Mortgage Assistance Program (EMAP.)
Follow the links below for more
information regarding Foreclosure
Prevention Counseling:
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What services are provided in
Foreclosure Prevention Counseling?
Generally, Foreclosure Prevention Counseling helps
homeowners develop insight into the causes of their
financial issues and the steps they can take to regain
financial stability. The counseling is customized to the
needs of participating homeowners and provides a variety of
assistance and support, including help in designing a
budget.
Foreclosure Prevention counselors may also refer
homeowners to other community resources that provide
supplementary services and support.
Foreclosure Prevention Counseling may include (for
homeowners 60 days or more delinquent):
Among other possible responses, the counselor may propose
a loan repayment plan or loan modification that will
prevent
foreclosure proceedings during a homeowner’s temporary
financial hardship.
- Financial Fitness Counseling
Homeowners who have been accepted into the
Mortgage
Crisis Job Training Program and are 60 days or more
delinquent on their mortgage, are required to
participate in financial literacy and credit
counseling. (See,
Financial Fitness counseling.)
Who is eligible to participate in
Foreclosure Prevention Counseling?
Generally, all homeowners in the community experiencing
financial difficulties which might put them in default on
their home mortgages are eligible to register for free
Foreclosure Prevention Counseling at a CHFA/HUD-approved housing
counseling agency.
- CHFA-Borrowers
CHFA borrowers are required to register with the housing
agency that has been assigned to their mortgage
servicing company.
- Homeowners referred for job-training
Homeowners who have been accepted into the Mortgage
Crisis Job Training Program are required to participate
in Financial Fitness Counseling at any of the housing
agencies assigned to that program.
Who provides Foreclosure Prevention Counseling?
CHFA/HUD-approved housing
counseling agencies across the state
provide Foreclosure Prevention Counseling on behalf of
CHFA. These
HUD-and CHFA- approved non-profit agencies are
staffed by counseling professionals who are trained in foreclosure prevention
and loss mitigation
and intervention strategies.
Where and when is Foreclosure
Prevention Counseling
provided?
Foreclosure Prevention Counseling is offered at a variety
of locations across the state and at different times each
month. Homeowners who believe they might benefit from this
service should contact a housing counseling agency directly.
CHFA-borrowers should contact the counseling agency
assigned to their loan servicing company. (See,
Foreclosure
Prevention Counseling for list of agencies and mortgage
servicing companies.)
Homeowners who have been referred to
Financial Fitness
Counseling should register through one of the counseling
agencies assigned to that program. (See,
Financial Fitness
Counseling schedule.)
How do you register for
Foreclosure Prevention Counseling?
Typically, the CHFA Call Center, Housing Fairs, as well
as a homebuyer’s mortgage servicing company or lender may
refer a homeowner facing foreclosure to a CHFA/HUD-approved
housing
counseling agency for appropriate services.
However, self-referred homeowners are eligible
to register for Foreclosure Prevention Counseling and can be
assessed for eligibility at that location.
Homeowners do not have to be CHFA borrowers to
participate in Foreclosure Prevention Counseling. Please
note that specific counseling agencies have been assigned to
provide these services to homeowners who are CHFA-borrowers
based on their mortgage servicing company. (See,
Foreclosure Prevention Counseling to find the right agency
for you.)
How much does Foreclosure Prevention Counseling cost?
Foreclosure Prevention Counseling is provided free-of-charge
to all eligible homeowners.
Questions? Contact a counseling agency or CHFA.
Homeowners who are facing foreclosure should contact
CHFA’s Call Center to determine what course of action may be
available to them and to obtain a referral to a
CHFA/Hud-approved housing counseling agency that provides
Foreclosure Prevention Counseling.
| Phone:
| (877) 571-2432 or (860) 571-3500 |
Mailing Address:
Connecticut Housing Finance Authority
Attn: CHFA Call Center
999 West Street
Rocky Hill, Connecticut 06067
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Homeowners who are facing foreclosure and wish to apply
for job re-training assistance under the Mortgage Crisis Job
Training Program may contact CHFA’s Call Center or
The
Workplace, Inc.’s Call Center or
The
Workplace, Inc. directly.
The following documents are related
to Financial Fitness Counseling.
To open and view the document, click
on the document title. Please
note that some documents may need
client software to view the
document.
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