Avoiding Foreclosure

Are you having trouble making your FCFCU Home Equity Loan or 1st Mortgage Payment?

Fresno County Federal Credit Union understands that our members may occasionally suffer financial hardships. If your financial situation has changed and you are finding it difficult to maintain timely payments on your home equity or first mortgage loan with Fresno County Federal Credit Union, we may be able to help.

It is important to consider all of your options before risking the possible loss of your home to foreclosure. There are numerous solutions available and one of them may be right for you.

You may be eligible for:

Payment Deferment
Loan Modification
Pre-Foreclosure Sale ("Short Sale")
Reduction of Interest Rate

Getting Started with Your Financial Review

To determine the best possible way to assist you, we must review your financial situation. In order to do this, we will need the following:

A completed Mortgage Solutions Package
Your last pay stub or unemployment check stub
Your most recent account statements from checking, savings, 401(k), and other accounts you maintain
The name and phone number of your listing agent, if applicable
A copy of your signed federal tax returns (including all schedules) for the most recent year

By providing this information, we can determine which alternatives are best suited for you.

In order to pursue one of these options please use the contact information below. Our staff will send you a package of information to fill out and return with the documents listed above.

If you have a first mortgage, home equity loan or line of credit with Fresno County Federal Credit Union, please call the following number and ask to speak to our Special Assets Manager:

559-252-5000
or
800-61-FCFCU

The Department of Housing and Urban Development offers counseling for homeowners whose mortgage loans have become delinquent. This counseling could help you avoid foreclosure, and you are urged to seek it. The Department of Housing and Urban Development can be reached at 1-800-569-4287 or TTY 800-877-8339