Mortgage Counseling

Mortgage Counseling

EDHRC works with the client to effectively work with lender/servicers. The counselor with assists with drawing up documents for loan modification and submission of modification documents. The counselor will work with the local or state municipality to identify funds that may be available to assist the home owner. The counselor will work with the homeowner to ensure that they understand the terms of the loan work out / modification agreement prior to signing documents.

The counselor will work with the client to understand their financial situation and identify ways to increase income and reduce debt in an effort to strengthen monthly cash flow and possibly prevent mortgage default. The housing counselor will also work with the client to understand the foreclosure process and timelines and work to identify disposition options and an exit strategy. The counselor will help to identify other resources from other organizations that may be of benefit to the client.