Foreclosure & Foreclosure Prevention

Know the Law

This section has information about Foreclosure in Oklahoma.

• Independent Foreclosure Review

  Borrowers were eligible for an independent foreclosure review if their primary residence was involved in a foreclosure process that was started, was pending or completed any time from January 1, 2009, and December 31, 2010; and the mortgage was serviced by a servicer participating in this program. Read More

  By:

  Legal Aid Services of Oklahoma, Inc.

• How Can You Avoid Foreclosure Scams (Video)

  Video from the federal program Making Home Affordable. Read More

  By:

  MakingHomeAffordable.gov

• Foreclosure Rescue Scams

  This fact sheet explains how foreclosure rescue scams work, and where you can find real help. Content Detail

  By:

  Federal Trade Commission

  Read this in:

  Spanish / Español

• Helping You Protect Your Home From Foreclosure

  Behind on payments? Need lower payments due to a salary cut? Is your mortgage servicer giving you the right info? Have you been sued in foreclosure? Read More

  By:

  Legal Aid Services of Oklahoma, Inc.

  Read this in:

  Spanish / Español

• Debt Strategies - All Debts are NOT the Same

  Setting priorities means making tough choices. BASICS first means shelter, food and clothing. If you have cut your budget down to just but the basics, but still can't afford to pay all your debts-which debts do you pay first? Read More

  By:

  Legal Aid Services of Oklahoma, Inc.

• Foreclosure Rescue Scams - Read these tips!

  The Federal Trade Commission, the nation?s consumer protection agency, wants you to know how to avoid scams that could make your housing situation go from bad to worse. Content Detail

  By:

  Federal Trade Commission

  Read this in:

  Spanish / Español

• Homeowner Crisis Resource Center

  Homeowners who want to avoid foreclosure or are concerned about their ability to make their mortgage payments can receive immediate assistance by finding an NFCC-certified housing counselor. Content Detail

  By:

  National Foundation for Credit Counseling

  Read this in:

  Spanish / Español

• How Can the Servicemembers Civil Relief Act help with home loans?

  Carlos L. McDade, Esq., of Black & LoBello explains some of the benefits of the Servicemembers Civil Relief Act and how banks, specifically, JP Morgan Chase, complies with its requirements. Content Detail

  By:

  Black & LoBello

• Know Your Options about Mortgages and Foreclosures

  If you're having trouble making payments or are facing foreclosure, this site explains the options of refinancing, loan modification, short sale, deed-in-lieu and foreclosure. Content Detail

• Principal Reduction Alternative in the Home Affordable Modification Program (HAMP) has IRS Consequences

  Borrowers receiving aid under the HAMP–PRA program may report any discharge of indebtedness income either in the year of the permanent modification of the mortgage loan or ratably over the three years in which the mortgage loan principal is reduced on the servicer’s books. Read More

  By:

  Legal Aid Services of Oklahoma, Inc.

• Protections for the Tenant in Foreclosure (video)

  On May 20, 2009, President Obama signed a new federal law protecting tenants when the property they rent is sold at a foreclosure sale. The Protecting Tenants at Foreclosure Act is a federal law but it applies to state court eviction proceedings. Be sure to speak with a lawyer about Oklahoma law! Content Detail

  By:

  Georgia Legal Services Program

• Real People, Real Stories - Avoid Foreclosure Rescue Scams (video)

  Real people tell their stories in this short video on foreclosure rescue scams. Read More

  By:

  Federal Trade Commission

  Read this in:

  Spanish / Español

• SCRA -- How to Postpone a Lawsuit Against You (video)

  This is the finale video in a 4 part video series for servicemembers and their families. As a servicemember you have protections for you and your family under federal law. This law is called the Servicemembers Civil Relief Act (SCRA). Content Detail

  By:

  Arkansas Legal Services Partnership LegalTube

• Service Members Civil Relief Act - Consumer Protections (video)

  Part 2 in a series for Individuals with Military Connections that may benefit from the protections and rights provided by the SCRA Consumer Law Protections. Content Detail

  By:

  Arkansas Legal Services Partnership LegalTube

• Are You Eligible for Home Affordable Refinancing or Home Affordable Modification

  Use this online tool to see if you qualify for either of these programs. Content Detail

  By:

  MakingHomeAffordabble.gov