National Programs

• Making Home Affordable
  
  The Obama administration is dedicated to helping individuals and families avoid foreclosure and have created programs to help homeowners including the Home Affordable Refinance program and the Home Affordable Modification Program for homeowners that have Fannie Mae or Freddie Mac held mortgages.  If you are not currently with HomeStreet Bank, a list of participating servicers can be found at http://www.makinghomeaffordable.gov/contact_servicer.html.
  
  Home Affordable Refinance Program
  
  The Home Affordable Refinance Program is for homeowners who pay their mortgages on time but are not able to refinance to take advantage of today’s lower mortgage rates perhaps due to a decrease in the value of their home. A Home Affordable Refinance will help borrowers whose loans are held by Fannie Mae or Freddie Mac refinance into a more affordable mortgage.
  
  Home Affordable Modification Program
  
  The Home Affordable Modification Program helps homeowners that are struggling to make their monthly mortgage payments perhaps because their interest rate has increased or they have less income. A Home Affordable Modification will provide them with mortgage payments they can afford.
  
  
• The Unemployment Lifeline
  
  A one-stop guide that links workers to the resources in their area, from unemployment offices to veterans' services to child care. It also offers the opportunity to talk to others and share support and lessons learned.
  
  
• Reverse Mortgages
  
  A reverse mortgage can help senior homeowners age 62 or older stay in their home and maintain ownership.  Most reverse mortgages are FHA insured and they are a great way for you to achieve the financial security you need simply by using the available equity in your home. You can receive reverse mortgage proceeds in monthly payments, in a lump sum or as a line of credit that you can draw on as needed. Plus, the proceeds you receive are tax-free and are not repaid as long as you live in the house.

Local Mortgage Default Prevention & Counseling Resources

Community nonprofit associations can be an excellent source of unbiased information and one-on-one financial counseling that can be invaluable to helping you get back on the path to financial success.  They can also help you understand your rights as a homeowner and the steps you can take to avoid foreclosure.

Local Resources:

Oregon
Washington
Hawaii

Resources in Oregon

• 2-1-1 Human Services Referral Network
  The largest information and referral call center in the Northwest
  
  
• Association of Community Organizations for Reform Now
  866-67-ACORN
  
  
• African American Alliance for Homeownership
  503-595-3517
  
  
• Open Door Counseling Center
  503-640-6689
  
  
• For a list of organizations statewide, visit: http://www.dfcs.oregon.gov/ml/foreclosure/counselors.html

Resources in Washington

• El Centro de la Raza
  (206) 957-4610
  
  
• International District Housing Alliance
  (206) 623-5132
  
  
• Solid Ground
  (206) 694-6766
  
  
• Urban League of Metropolitan Seattle
  (800) 368-1455
  
  
• Vancouver Homeownership Center
  360-6904-4496
  
  
• City of Seattle Foreclosure Prevention Program
  This program that offers counseling, $5,000 in stabilization loans, and assistance in negotiating repayment plans with lenders will give homeowners the option to avoid default and work out a repayment plan to stay in their home or gain enough time to sell their homes on their own terms.
  
  
• Spokane Neighborhood Action Program
  509-456-7111 Ext 200
  
  
• For a list of organizations statewide, visit: http://www.homeownership-wa.org/search_resources/search_resources.htm

Resources in Hawaii

• Hawaii Homeownership Center
  808-593-9500
  
  
• For a list of organizations statewide, visit: http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?&webListAction=search&searchstate=HI