Role of the Counselor - PowerPoint PPT Presentation

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Title:

Role of the Counselor

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Assist homebuyers purchase homes. Help eligible homebuyers obtain ... Partial Claims. Not Keeping Your Home. Pre-foreclosure Sale. Deed-In-Lieu of Foreclosure ... – PowerPoint PPT presentation

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Title: Role of the Counselor


1
Role of the Counselor
  • Partnering for a Workable Solution

Homeowner
Counselor
Lender/Servicer
Government
2
The Counselors Role
  • Assist homebuyers purchase homes
  • Help eligible homebuyers obtain affordable
    housing
  • Assist homeowners to avoid foreclosures
  • Report fair housing and discrimination complaints
  • Address housing problems

3
The Counselors Role
  • Help the borrower sort through their financial
    situation
  • Get a realistic picture
  • Provide advice about budgetary decision
  • Understand the servicers perspective
  • Explain the foreclosure timeline and the need for
    action

4
Loss Mitigation Options
  • Keeping Your Home
  • Repayment Plans
  • Special Forbearance Plans
  • Loan Modifications
  • Partial Claims
  • Not Keeping Your Home
  • Pre-foreclosure Sale
  • Deed-In-Lieu of Foreclosure
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