Avoiding Foreclosure

Tips to Avoid Foreclosure

Are you experiencing difficulties making your payments on your mortgage loan with Premier Community Credit Union?  Let us show you options available to avoid a negative credit report and foreclosure of your home.

1st Step:
Here is a list of documents you will need before you meet with a Premier Community Credit Union representative:

    • A recent pay stub and W-2.  If you are self employed, your most recent tax return will be necessary.
    • Your most recent mortgage statement or statements for your home.
    • Provide a list of your current monthly obligations, including child support and alimony.

2nd Step:
Contact Premier Community Credit Union at 209-235-1100 or 800-731-4477 and schedule an appointment with someone who can help with your situation.

3rd Step:
We will discuss options that may be available to your unique situation. 

Options may include:

    • Refinancing your loan.
    • Modification of the terms of your existing loan.
    • Consolidation of debts to reduce monthly payments.
    • HUD approved counseling or a consumer credit counseling agency.
    • Short Sale consideration or selling your home for less than the loan amount.

If you would like to speak to an approved HUD counseling service representative, please call (800) 569-4287 or visit the HUD website http://www.hud.gov/foreclosure/index.cfm* for additional information.  

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