Homeowners complete applications and provide financial information relevant to their case. ESOP foreclosure prevention advocates use the information obtained from the homeowner to obtain financial assistance and/or negotiate with their servicer for an affordable mortgage solution.
ESOP has direct points of contact and formal agreements with many loan servicing companies helping counselors to more efficiently achieve sustainable mortgage solutions.
Since 2005 ESOP has assisted more than 20,000 homeowners.
For assistance or more information call ESOP to set up an appointment at 216-361-0718 or toll free 877-731-ESOP.
SAVE YOUR HOME!
Don’t be in denial. Ignoring the problem will only make it worse. As soon as you anticipate a problem do something. Even up until your home is scheduled for a sheriff’s sale there is still hope you can save your home.
1. Call ESOP! 216-361-0718 or toll free 877-731-ESOP
2. Make an appointment – Appointments will be scheduled at the ESOP location nearest you. (Locations)
3. Gather all your information (link to download document checklist )
HAMP – Home Affordable Modification Program is a federally funded program designed to provide permanent loan modifications to qualified homeowners who are struggling with unaffordable mortgage payments. http://www.makinghomeaffordable.gov/pages/default.aspx
Servicer home retention programs – ESOP also works directly with loan servicers, many of whom offer in-house programs to help homeowners attain sustainable mortgage solutions.
Exit Strategies – Programs are available to assist homeowners who are unable to remain in their homes and are unable to sell the property under current market conditions. DON’T JUST WALK AWAY! You will remain the owner of your home until the title transfers to a new owner. Abandoning your home does not automatically relieve you of responsibility for mortgage payments, taxes, code violations and liabilities for injuries that occur on your property.
ESOP counselors make every effort to help homeowners achieve a sustainable mortgage workout. Solutions are determined on a case-by-case basis and require the final approval of your mortgage servicer.
Your action can help others. See how ESOP advocacy campaigns have helped change lending and servicing practices of major financial institutions. (Link to Bank Organizing)
DON’T BECOME A VICTIM OF MORTGAGE SCAMS!
Homeowners beware! Fraudulent rescue scammers are trying to get your money. They pretend to be from government agencies or legitimate companies and promise to help refinance or modify your mortgage through the President's Making Home Affordable program. Homeowners never have to pay to participate in the program. DO NOT PAY MONEY TO ANYONE! FREE HELP IS AVAILABLE FROM ESOP.
Find foreclosure resources near you at Hud.gov. (Link: http://www.hud.gov/local/oh/homeownership/foreclosure.cfm )
If you think you’re the victim of a foreclosure scam, please file a complaint with the Ohio Attorney General’s office at http://www.ohioattorneygeneral.gov/ .
- Homeowner Document Checklist (Click here to download)
- Foreclosure Process Explanation (Click here to download)
- Possible Solutions (Click here to download)
- Glossary of Terms: HUD http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/buying/glossary
- Credit Score Breakdown (Click here to download)
- Who is who in the lending industry? (Click here to download)
- Predatory Lending Practices Explained (Click here to download)