Avoiding Foreclosure

Call us today (Monday through Friday, 9:30 a.m. to 5:30 p.m. excluding holidays) to learn more about your options to avoid foreclosure and instructions for how to apply for loss mitigation options. The longer you wait, or the further you fall behind on your payments, the harder it will be to find a solution.

Monterey Credit Union
501 East Franklin Street
Monterey, CA  93940
(831) 647-3300 or toll-free (888) 632-8567

We can review your situation and determine options we may be able to offer more quickly if you have following information with you when you call:

  • Your most recent two years' filed tax returns
  • Your most recent pay stubs or proof of other income (such as social security direct deposit confirmations)
  • Your most recent loan and account statements from financial companies other than Monterey Credit Union
  • Hardship letter explaining the circumstances of the default.
  • If any, listing agreement for the subject property, if currently listed, and current asking price.
  • If any, offers to purchase the subject property currently being considered

For help exploring your options, the Federal government provides contact information for housing counselors, which you can access by contacting the Consumer Financial Protection Bureau or by calling the U.S. Department of Housing and Urban Development at (800) 569-4287 or TTY (202) 708-1455.