Mortgage Payment Mailing Address:
Affiliate Mortgage Services
PO Box 772138
Detroit, MI 48277-2138
If you are having trouble making your home mortgage payment, we want to help. There are options that may be available to help you. The right option for you depends on your individual circumstances. Please contact us for a confidential conversation with a specialist, (800) 467-5430, option 2.
The following chart highlights some of the options that may be available.
Note: We are not obligated to provide any of these options and their availability is subject to review and approval.
|Reinstatement||Pay the total amount you owe, in a lump sum payment and by a specific date. This may follow a forbearance plan as described below||Allows you to avoid foreclosure by bringing your mortgage current if you can show you have funds that will become available at a specific date in the future|
|Repayment Plan||Pay back your past-due payments together with your regular payments over an extended period of time||Allows you time to catch up on late payments without having to come up with a lump sum|
|Forbearance Plan||Make reduced mortgage payments or no mortgage payments for a specific period of time||Have time to improve your financial situation and get back on your feet|
|Modification||Receive modified terms of your mortgage to make it more affordable or manageable after successfully making the reduced payment during a “trial period" (i.e., completing a three [or four] month trial period plan)||Permanently modifies your mortgage so that your payments or terms are more manageable as a permanent solution to a long-term or permanent hardship. There may be a fee or 3rd party charges associated with a modification.|
|Short Sale||Sell your home and pay off a portion of your mortgage balance when you owe more on the home than it is worth||Allows you to transition out of your home without going through foreclosure. In some cases relocation assistance may be available|
|Deed-in-Lieu of Foreclosure||Transfer the ownership of your property to us||Allows you to transition out of your home without going through foreclosure. In some cases relocation assistance may be available. This is useful when there are no other liens on your property|
Company NMLS #133758