If you are having trouble making mortgage payments, check with your lender about the possibility of loan modification. Applying for a loan modification can be a long, arduous process. In our experience, we have known people to be turned down multiple times before finally being approved. There are organizations available that can help with this process. Please be aware that there are some fraudulent agencies promising to help with loan modification, so we suggest seeking legal advice prior to signing any documents that you are unsure of. Below are The Actors Fund’s suggestions for loan modification and foreclosure prevention agencies.
Los Angeles Neighborhood Housing Services, Inc.
This organization offers listings of government approved agencies that offer advice on foreclosure prevention, in addition to other information and resources. They also provide a schedule of home preservation clinics and fairs. Please see the website for more details.
http://lanhs.org/Center-for-Foreclosure-Solutions.html Toll Free: 1-888-995-HOPE
Neighborhood Assistance Corporation of America (NACA)
NACA is a HUD-certified nonprofit and is nationally recognized as the largest organization in assisting homeowners with unaffordable mortgages. The primary NACA solution is to restructure the existing mortgage by permanently reducing the interest rate to achieve an affordable mortgage payment. The process requires you to attend a workshop, followed by telephone consultations. Please see the Home Save section of the website for a schedule of workshops near you.
www.naca.org Toll Free: 1-888-302-NACA
LA County Housing Resource Center
This website offers a variety of information and resources concerning foreclosure-related issues. Links are provided to housing counseling agencies at the local, state and national levels. On the website’s homepage, click on Foreclosure Resources.
www.housing.lacounty.gov Toll Free: 1-877-428-8844
Click here for our interactive Bulletin Board where you can post available housing opportunities or search for them if you need to find a place to live.
We are proud to present The Actors Fund Podcast Series, offering valuable information based on workshops The Fund offers in our New York and Los Angeles offices. Stay tuned for more to come in the series!