Steps to Take if You Are At Risk of Losing Your Home

HomeHelpNH_withNewTag

Foreclosure happens quickly in New Hampshire, and it can be a confusing process. In addition to the emotional difficulty of losing your home to foreclosure, it can hurt your credit, family, and future ability to purchase a home. Governor Hassan recently announced a new, statewide initiative called HomeHelpNH that helps at-risk borrowers find the help they need. If you are at risk of losing your home, there are steps you can take to protect yourself.

  • Don’t ignore foreclosure notices. Because your lender does not need to take you to court to foreclose, the foreclosure process happens quickly. The eviction process can begin as soon as 120 days after your first missed payment. The sooner you seek help, the more options you will have.
  • Call 2-1-1 or visit HomeHelpNH.org. Doing this will help you connect with a qualified, free homeownership counselor through HomeHelpNH, a statewide foreclosure counseling initiative supported by the New Hampshire Department of Justice, the New Hampshire Banking Department, and New Hampshire Housing.
  • Discuss your options with a counselor. Working with a qualified homeownership counselor can help you make an informed decision about your future. Options could include selling your home, asking for a loan modification, or setting up a special repayment plan with your lender.
  • Contact legal assistance if you have already received a foreclosure notice with a sale date, if you feel you need it, or if your homeownership counselor recommends it. You may qualify for free or low-cost legal services by visiting NHLegalAid.org or calling 877-399-9995.
  • Avoid rescue scams. If you encounter an offer for foreclosure assistance that would cost you money or seems too good to be true, don’t be fooled. Remember that free assistance is available throughout the state through HomeHelpNH.

For foreclosure assistance or more information about HomeHelpNH, visit HomeHelpNH.org or dial 2-1-1.

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