We realize that existing or foreseeable financial hardships may make it difficult to make your
monthly mortgage payment. Depending upon your current financial situation, it may be possible
for us to assist you with one of the following options:
Loan Modification: By modifying your loan, we can alter part of your mortgage debt by
lowering your interest rate, loan balance, or term (length of time) of your loan. This may
lower your payment and bring your account current.
Repayment Plan (Forbearance): By setting up a repayment plan, we can customize a
plan that will bring your loan to a current status by the end of the plan. We do this by
spreading out the amount you owe over a period of time defined in the plan. Basically,
we divide the number of months you have been delinquent by the number of months in
the payment plan, then add this smaller, affordable payment to your current payments.
Listing Your Property for Sale: By offering advice about listing your property, we can
help you to maximize your chances of receiving a sale offer acceptable to both you and
to Ocwen. The sale of your property could help you to avoid a foreclosure sale of your home.
Deed-in-Lieu of Foreclosure: If you do not intend to keep the property and your title is
clear of other liens, then we may be able to accept the deed to the property and forgive
your debt, even if the property is worth less than the balance that you owe.
If you are inquiring about applying for mortgage assistance, click here
to view the necessary steps you must take.
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