What can I do if I am worried about foreclosure?
Options Exist to Avoid Foreclosure If you are experiencing financial hardships and are worried that you cannot make your scheduled loan payments, please call Vanderbilt Mortgage and Finance, Inc. today at 1-800-970-7250 so that one of our experienced account representatives can review the options that may be available to assist you.
Available options vary with the unique circumstances of each individual and the type of loan, but some of the different alternatives that exist may include:
- Repayment Plans
- Payment Extensions from 1-3 months
- Debt management programs with independent, non-profit agencies
- Loan Modifications
- Creating or increasing a balloon payment due at the maturity of your loan
- Sell Your Home