Mortgage Help Meeting

Need Mortgage Help?

Mounting debt, the loss of a job, health issues, marital changes and any other number of reasons can leave a homeowner faced with difficulty making mortgage payments.

Whether you have missed one mortgage payment or multiple payments, now is the time to take action. If you have missed payments and find yourself buried under past due payments and late fees, you may qualify for a temporary (or permanent) solution to help you get your finances back on track and avoid foreclosure.

Avoiding Foreclosure: Know Your Options.

There are alternative programs that may be available to you.

Our mission is simple: We will do everything we can to keep you in your home.

Our philosophy is: Let's work together to find the right solution that works for you.

LOSS MITIGATION OPTION BENEFIT

REPAYMENT PLAN

FORBEARANCE PLAN

LOAN MODIFICATION

SHORT SALE

DEED-IN-LIEU

PERMANENTLY CHANGES LOAN TERMS

 

 

 

 

HELPS CATCH UP ON PAYMENTS

 

 

TEMPORARY HARDSHIP ASSISTANCE WITH REDUCED OR SUSPENDED PAYMENTS

 

 

 

 

MAY OFFER CASH INCENTIVE

 

 

 

ALLOWS YOU TO STAY IN YOUR PROPERTY

 

 

ALLOWS YOU TO LEAVE YOUR PROPERTY PREVENTING FORECLOSURE

 

 

 

LESS DAMAGING TO YOUR CREDIT THAN FORECLOSURE

If you are having difficulties paying your mortgage, please contact us as soon as possible. The sooner you contact us, the sooner we can help. Shellpoint specialists are ready to work with you and thoroughly review your situation. The process is called the "Loss Mitigation Review".

The basic steps of the Loss Mitigation Review are as follows:

  • Initial Review - If you are experiencing difficulty with your mortgage payments, call us to discuss your situation. Please be prepared with your loan number, the monthly pre-tax income for each borrower and information about your current financial hardship. Click Here to get started.
  • Document Collection and Review - If our initial review of your situation determines that your loan could be eligible for loss mitigation, most likely we will need additional documentation. Sign and return the information to us as soon as possible. Click Here to get started.
  • Evaluation Notice - The Evaluation Notice is the conclusion of the Loss Mitigation Review. It is a letter sent to you that describes which, if any, Loss Mitigation Option(s) that you may be eligible for.

Foreclosure Alternatives

After the completion of the steps of the Loss Mitigation Review, your Evaluation Notice will describe which foreclosure alternative you are eligible for.

Below are some of the foreclosure alternatives that could be available to you.

Forbearance

An offer by Shellpoint to temporarily suspend or reduce your monthly mortgage payments for a specified period of time.

    • Have time to improve your financial situation and get back on your feet
    • Less damaging to your credit score than a foreclosure
    • Stay in your home and avoid foreclosure

Click Here to get started.

Repayment Plans

An agreement between you and Shellpoint that lets you pay the past due amount, added on to your current mortgage payments, over a specified time period to bring your mortgage payment current.

    • Resolve your delinquency
    • Catch up on your past due payments over an extended period of time
    • Less damaging to your credit score than a foreclosure
    • Stay in your home and avoid foreclosure

Click Here to get started.

Loan Modification

An agreement between you and Shellpoint to change the original terms of your mortgage, such as payment amount, length of loan, interest rate, etc.

    • Allows you to make a trial payment plan before permanently modifying the mortgage to make sure you can afford your home after modification
    • May reduce your monthly mortgage payments to a more affordable amount
    • Less damaging to your credit score than a foreclosure
    • Stay in your home and avoid foreclosure

Click Here to get started.

Short Sale

A short sale is the sale of a home for less than the balance remaining on your mortgage.

    • Eliminate or reduce your remaining mortgage debt
    • Assistance for relocation may be available
    • Start repairing your credit sooner than if you went through a foreclosure

Click Here to get started.

Deed-in-lieu

With a Mortgage Release (Deed-in-Lieu of Foreclosure), you transfer the ownership of your property to the owner of your mortgage in exchange for a release from your loan and payments.

    • Eliminate your mortgage debt
    • May be eligible for in relocation assistance
    • Start repairing your credit sooner than if you went through a foreclosure
    • Have flexibility and control over exiting your home—choose to vacate immediately, stay for up to three months (without paying rent), or lease the home for up to one year

Click Here to get started.

Making decisions about your mortgage when you are facing financial challenges can be uncomfortable and overwhelming. With so much information available, it’s hard to know where to turn. Shellpoint is ready to assist you in exploring the best option for your individual situation. Call us today at 1-800-365-7107.

HUD Approved Counseling

Talk to a HUD-Certified Counseling Agency – For Free. If you’re having trouble paying your mortgage or you have already received a delinquency notice, free help is a phone call away. Call 1-888-995-HOPE for free personalized advice from housing counseling agencies certified by the U.S. Department of Housing and Urban Development (HUD). This national hotline – open 24/7 – is operated by the Homeownership Preservation Foundation, a nonprofit member of the HOPE NOW Alliance of mortgage industry members and HUD-certified counseling agencies. For free guidance online, visit www.hopenow.com.

Forms

Shellpoint Mortgaging Servicing is dedicated to developing workable alternatives that avoid foreclosure and other legal actions. To better serve you, we have provided the documentation below for your review. Understanding that each borrower's situation is unique, please review the following information that is applicable to your needs. If you need the assistance of a live representative, visit our Contact Us page.

Borrower Assistance Form

ACH Draft Form

4506-T

Dodd-Frank Certification Form

Non-Borrower Authorization

Worksheets

Monthly Expense Tracking

Amortization Schedule

References

Ask Doctor Debt 

National Foundation for Credit Counseling 

Shellpoint Mortgage Servicing is proud to be a part of the Shellpoint LLC family.

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