"We cannot be grateful enough to ESAC's foreclosure prevention program for their success in rewriting our mortgage and saving our home."
Preventing foreclosure
If you are a homeowner threatened with the loss of your home, you can turn to ESAC for intervention assistance. We believe that it is in your best interest, and in the best interest of investors, lenders and the community, to prevent foreclosure. We will work with your lender to negotiate mutually agreeable workout terms that will allow you to keep your home. We may also refer you to an attorney and try to secure financial assistance.
We understand that a host of problems contribute to the threat of foreclosure, and that these problems must be solved in an integrated way. It may be difficult for you to make mortgage payments because you lost your job, sustained an injury or went through a divorce. Perhaps your tenants are not paying their rent on time. You may be unfamiliar with the terms of your loan. Perhaps your home requires costly, unexpected repairs. We provide financial and budget counseling and consumer education, and help secure more affordable loans from a variety of lenders.
Our services include:
- Negotiating a variety of options with your lender
- Referral to an attorney when appropriate
- Consumer education and budget counseling
- Helping to secure financial assistance
- Helping to obtain a more affordable loan with another lender
Service area: Eastern Massachusetts
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