PCHC is a certified HUD Housing Counseling Agency and a certified National Industry Standards for Homeownership Education and Counseling (NCHEC) agency which ensures counselors provide consistent and professional excellence.
PCHC receives funding from HUD, the National Foreclosure Mitigation Counseling (NFMC)
program and the New York State Attorney General Home Ownership Protection Program (HOPP).
Homeowners must fill out an INTAKE APPLICATION for Housing Counseling assistance. Once the counselor receives the completed application and reviews it, they will call the homeowner to schedule an appointment within one week. Click here for article, Understanding New York State’s Mortgage Foreclosure Process
PLEASE NOTE: Every question must be addressed. If the question does not apply please put N/A. Incomplete applications will delay your appointment.
The Counselor will meet with the homeowner to determine their objectives, the reasons for the default and the time constraints of the case. Homeowners may be referred to PCHC’s Credit Counselor to document income and expenses and establish a current budget and set up a realistic budget going forward.
The Counselor will then advise the borrower of the options available to them: Forebearance and Reinstatement; Loan Modification; Preforeclosure Sales; Assumptions; Deed in Lieu of Foreclosure; or Home Equity Conversion Mortgages (HECM). The Counselor may refer the homeowner to Legal Services of the Hudson Valley for free legal services if appropriate or the Putnam County Department of Social Services. The Counselor may attend the Mandatory Court Settlement Conference with the homeowner.
PCHC works with lenders, banks and mortgage companies to arrange work-out agreements, short sales and other remedies for homeowners.
PREVENT LOAN SCAMS
Did anyone offer to help you modify your mortgage, either directly through advertising or by any other means such as a flyer? Were you guaranteed a loan modification or asked to do any of the following: pay a fee, sign a contract, redirect mortgage payments, sign over title to your property or stop making payments?
You do not have to pay a fee for mortgage modification assistance. If you feel you have been a victim, file a complaint and learn more information at WWW.PREVENTLOANSCAMS.ORG.