Foreclosure Prevention Services

What is “Foreclosure Prevention or Intervention”?

Buying a house is probably the most important financial investment you will ever make. For this reason, it is very important that you protect your investment by not defaulting on your loan which will result in your bank taking back your house to settle your debt (called “foreclosure.”)

If you find that you cannot make your monthly house payment, Fairbanks Neighborhood Housing Services may be able to help you through foreclosure prevention or intervention counseling. Foreclosure prevention (when you are 30 to 60 days late on your payment) or intervention (when foreclosure proceedings have begun) can help you avoid defaulting on your loan and losing your home.

See us about foreclosure prevention or intervention before the problem goes too far!

Frequently Asked Questions:

What does equity mean?
Equity refers to the portion of a property owned by you as compared with the amount of that same property still owned by a bank or another person.

How do I know if I need foreclosure prevention or intervention services?
As soon as you know you won’t be able to make your house payment you need foreclosure prevention services.

What can FNHS do to help me?
Depending on how far foreclosure proceedings have gone, FNHS can help you identify options to avoid losing your home. You should be aware that if the problem has gone too long, FNHS may not be able to help you.

How much will FNHS charge to help with my foreclosure problem?
There is no charge for FNHS’ assistance.

What happens if foreclosure proceedings begin on my home?
Foreclosure proceedings are very serious. If you do not take care of the problem you will probably lose your house and your credit rating will be seriously harmed.