Frequently Asked Questions to avoid Foreclosure in Vermont

What should I do if I'm behind on my mortgage payments?
Ask for help early. The sooner you contact a professional that can answer questions and go over options with you, the better your chances of avoiding having your home foreclosed on. Even if you haven't missed a payment yet but see that there may be the possibility, contact us for help. We will help you work with your lender to either stay in your home through loan modification or other plans, or to sell your home.

How common is foreclosure?
With the Mortgage Bankers Association's (MBA) recent release of its National Delinquency Survey, the Distressed Property Institute sees continued difficulty for the residential real estate market. The MBA survey reported that the combined percentage of loans in foreclosure and at least one payment past due, meaning the percentage of mortgage holders not current on their mortgages, was 12.07 percent on a non-seasonally adjusted basis. Additionally, the seasonally adjusted delinquency and foreclosure rate for subprime loans was reported to be 39.29 percent.

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