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Foreclosure Prevention

Know the Law

This section has information about Foreclosure Prevention in Oklahoma.

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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?

Foreclosure Rescue Scams

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

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.

Interest-Only Mortgage Payments & Payment-Option ARMs

Owning a home is part of the American dream. But high home prices may make the dream seem out of reach. To make monthly mortgage payments more affordable, many lenders offer home loans that allow you to (1) pay only the interest on the loan during the first few years of the loan term or (2) make only a specified minimum payment that could be less than the monthly interest on the loan.

Is Bankruptcy the Answer?

FAQ provided by the Oklahoma Bar Association.

Loan Modifications

If you are behind in your mortgage payments, a loan modification can spread the past-due amount out over time. Some modification programs extend the length of the repayment plan so you can make lower payments over a longer period of time.

Mortgage Foreclosure: How to Avoid Losing Your Home

General information about options available to avoid foreclosure and about the foreclosure process.

Mortgage Foreclosure Process in Oklahoma

Read about the mortgage foreclosure timeline in Oklahoma.

Mortgage Fraud and Predatory Mortgages

Information on Predatory Mortgage practices, how predators work, warning signs and how to avoid the sting.

Out of Work? How to Deal with Creditors

If you've recently lost your job, your first thoughts may be, "how will I make ends meet." Money matters are a source of stress and frustration for many people. The Federal Trade Commission (FTC) publishes free brochures spelling out your rights when it comes to fair debt collection and credit reporting practices.

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.

Reverse Mortgages

Information about Reverse Mortgages, a way for Seniors to convert home equity into cash.

Scam Watch

Scam artists are coming out of the woodword. Learn about mortgage rescue scams, credit card scams.

Your Path to a More Affordable Mortgage

Video from the federal program Making Home Affordable.

Your To Do List for a Permanent Modification

Video from the federal program Making Home Affordable.

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.

How Can You Avoid Foreclosure Scams (Video)

Video from the federal program Making Home Affordable.

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.

Your Path to a More Affordable Mortgage

Video from the federal program Making Home Affordable.

Your To Do List for a Permanent Modification

Video from the federal program Making Home Affordable.

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