Helpful Information for Homeowners
Nonprofit members of BHPC support homeownership in the Baltimore area through foreclosure intervention counseling. Foreclosure counseling assists families in danger of losing their homes. Experienced housing counselors, certifed through the U.S. Department of Housing & Urban Development (HUD), help homeowners who are struggling with mortgage payments - whether they are already behind or in danger of falling behind.
If you may be facing foreclosure, it is important to act quickly and be aware of your rights as a property owner. See links to the left for tips on Avoiding Foreclosure Scams and Who to Contact for Help. You can also find out more at HUD's website.
Questions about Reverse Mortgages?
Reverse Mortgages -- also called Home Equity Conversion Mortgages (HECM) if originated through the Federal Housing Administration -- are complex loans. They are not for everybody! Understand the risks before you commit.
For more information about Reverse Mortgages in easy-to-understand language, read the OCC Consumer Advisory. You may also visit HUD's website on the Top Ten Things to Know if You're Interested in a Reverse Mortgage.
Still have questions? Contact a local housing counseling agency for assistance.
Are you a practitioner working with a homeowner who is delinquent on their HECM payments? The Aging Network website has some great resources online.