If you are having difficulty making your mortgage payment, do contact a non-profit housing counselor. You can locate such counselors on HUD's web site by following the attached link: http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm
I share the following story from my work as a housing counselor. I received a call from a client who had been ill for the past 2 years and during this time, her homeowners insurance (HOI) lapsed due to her failure to pay her insurer a required $30 membership fee (most insurers do not have this requirement). The client's lender, when they became aware of issue, force placed insurance. This means they purchased a HOI policy to protect their interest in the home. Her home payment went from $487 to $854 monthly! The force placed insurance only protects the lender, not the client (this is always true as many learned when tornadoes struck Alabama in April). My client had tried with no success to obtain help from her lender. We called the client's lender via conference call and were able to cure this problem. Her reduced payment was restored within 5 business days as soon as her insurer called the insurance department of the lender affirming that coverage was restored. If you feel wronged by your mortgage servicer seek professional help.
I share the following story from my work as a housing counselor. I received a call from a client who had been ill for the past 2 years and during this time, her homeowners insurance (HOI) lapsed due to her failure to pay her insurer a required $30 membership fee (most insurers do not have this requirement). The client's lender, when they became aware of issue, force placed insurance. This means they purchased a HOI policy to protect their interest in the home. Her home payment went from $487 to $854 monthly! The force placed insurance only protects the lender, not the client (this is always true as many learned when tornadoes struck Alabama in April). My client had tried with no success to obtain help from her lender. We called the client's lender via conference call and were able to cure this problem. Her reduced payment was restored within 5 business days as soon as her insurer called the insurance department of the lender affirming that coverage was restored. If you feel wronged by your mortgage servicer seek professional help.
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