It's when a homeowner is unable to make principal and/or interest payments on their mortgage. 贷款人, 银行或建房互助会, can seize and sell the property as stipulated in the terms of the mortgage contract.
不幸的是，止赎是可能发生的. 因为拖欠凯发体育官方, your lender has the legal means to repossess your home and force you to move out. If your property is worth less than the total amount you owe on your loan, 可以进行缺陷判断. Both a 丧失抵押品赎回权 and a Deficiency Judgment can affect your ability to qualify for credit in the future. 所以，如果可能的话，你应该避免止赎.
首先, 如果你支付困难, call or write to your lender's Loss Mitigation Department right away. Explain your situation and be prepared to provide them with financial information like your monthly income and expenses. 只要遵循这三个简单的规则:
Your lender will determine if you qualify for the following alternate solutions. 也, 住房咨询机构可以帮助你做出选择, 另外，代表您与您的贷款人进行互动:
凯发体育官方修正 -如果你目前能按时付款, 但不能追上过去的欠款, 贷方可能同意修改你的凯发体育官方. One way is to add the past due amount into your existing loan and finance it long-term. 凯发体育官方修正 may also be possible if you no longer can make your payments at the former level. 贷方可以修改你的凯发体育官方并延长贷款期限, 或者采取措施减少你当前的付款.
查封前出售 – 丧失抵押品赎回权 can be avoided by selling your property for a lesser amount necessary to pay off your mortgage loan. 如果:
- A new appraisal, that the lender will obtain, indicates that the home value meets program guidelines.
代替止赎权的契约 – This is when the lender allows you to give-back your property and forgives the debt. It does have a negative impact on your credit record; however it's better than foreclosure. 贷款人 may require that house be "For Sale" for a specific time period before agreeing. This route may not be possible if there are other liens against the home.
FHA贷款 – 贷款人 may assist you in getting a one-time payment from the FHA Insurance Fund. The mortgage loan must be into at least 4-months, but not more than 12-months past due. The homeowner must prove the ability to resume making full mortgage payments on time, 其他条件适用:
- A Promissory Note must be signed allowing HUD to place a lien on your property for the amount received from the FHA Insurance Fund.
- The note becomes due when you pay off the loan, transfer title, or sell the property.
VA贷款 – The Veteran's Administration Loan Centers offer financial services designed to help homeowners avoid 丧失抵押品赎回权, 根据你的具体情况进行选择.
恢复 -当你拖欠付款时，这是可能的, but can promise to pay a lump sum of money to bring your regular payments back by a specific date.
忍耐 – It may be allowed to delay payments for a short period with the understanding that another option will be used to bring the account current later.
还款计划 -如果你的帐户过期了, 但你现在可以再次定期还款了, the lender may allow you to catch-up by adding a portion of the overdue amount to a certain number of monthly payments until your account becomes current.
部分索赔 – Your lender may be able to help you obtain a one-time payment from the FHA Insurance Fund to bring your mortgage current, 如果你有资格:
1) Your loan is at least 4-months delinquent, but not more than 12-months.
当你的贷款人以你的名义提出部分索赔时，美国联邦贷款监管局(u.s.c.S. 住房 & Urban Development will pay your lender the amount necessary to bring your mortgage current. You must execute a Promissory Note and a Lien will be placed on your property until the note is fully paid. The note is interest-free and is due when you pay off the first mortgage, 或者当房产出售的时候.