Foreclosure Prevention
Arrowhead Credit Union understands that you may occasionally experience challenges that might make it difficult to meet your financial obligations. If you're facing difficulties making your payments, the best thing to do is call us as soon as possible, especially when it comes to your mortgage. We're here to help you find the best options and meet your goal of avoiding foreclosure.
Review the following options that are available to you as an Arrowhead Credit Union member with a mortgage loan:
- Short Sale
- Deed In Lieu
- Workout Loans
Contact Arrowhead Credit Union and we will guide you through the process and help you determine which option is best for you.
Financial documents you will need available for discussion with Arrowhead Credit Union include:
- Most recent W-2 tax statement
- Most recent bank statement
- A written statement explaining your financial hardship
- A written financial statement detailing your income and expenses
Getting Started
The sooner you contact Arrowhead Credit Union the better, as it will give you more options to avoid the start of a foreclosure action on your property.
A foreclosure action will damage your credit rating and can result in a negative impact on your ability to borrow money in the future.
Who to Call
If Arrowhead Credit Union is your mortgage lender, call (800) 743-7228 toll-free.
If your mortgage lender is another institution, contact your lender directly.
To speak to a certified housing counselor, contact Housing and Urban Development (HUD) at 800.569.4287.
Above all, we are here to help.