Foreclosure Prevention & Assistance
Firefighters First Credit Union is here to help.
We understand that life can take unexpected turns—job loss, illness, or other financial hardships can make it difficult to keep up with mortgage payments. If you're at risk of defaulting, we're committed to helping you explore alternatives to foreclosure.
What You Should Do
Gather Documentation
Before contacting us, please collect the following documents:
- Completed Firefighters First Credit Union Income and Expense Worksheet
- Proof of income (recent pay stubs, benefit statements, tax returns if self-employed)
- A hardship letter explaining your situation
- Current mortgage statements
- Proof of homeowners insurance
- Proof that property taxes are current
- Any recent property valuations (e.g., appraisal or listing agreement)
Contact Us
Once you've gathered your documents, we're ready to help you explore your options.
Foreclosure Alternatives
Depending on your circumstances, you may qualify for one of the following options:
Forbearance Agreement
Temporarily reduces or suspends payments, with a plan to repay missed amounts over time.
Loan Modification
Adjusts your loan terms to make payments more affordable, often by extending the term or reducing the interest rate.
Short Sale
Allows you to sell your home for less than the amount owed, avoiding foreclosure.
Deed in Lieu of Foreclosure
Voluntarily transfers ownership of your home to the credit union to satisfy the debt.
Get Help from HUD
The U.S. Department of Housing and Urban Development (HUD) offers free housing counseling:
Don't Wait - Act Now!
The sooner you contact us, the more options we may be able to offer. We're here to work with you through this difficult time.
This notice is provided in accordance with California Civil Code §2923.5(e)(5). Firefighters First Credit Union reserves the right to approve or deny any foreclosure alternative at its sole discretion. Discussing options does not guarantee approval.