CA Foreclosure Relief Information
If you cannot afford your monthly loan payments and wish to avoid foreclosure, you may be eligible for a loan "workout" or modification. We determine eligibility for loan "workouts" on a case-by-case basis. Among other things, we will consider the value of your property and your ability (based on your current income) to make monthly loan payments in accordance with the "workout."
If you are interested in exploring any of the options listed above, you will need to provide us with certain financial information, including the following: your most recent paystub, list of current monthly expenses, your most recent tax return, bank statements, a current valuation of your property, if available (such as an appraisal).
If you would like to discuss your options to avoiding foreclosure with us, please call the Credit Administration Department of Borrego Springs Bank at 1-800-722-5720 press #3.
You may also contact the Department of Housing and Urban Development (HUD) to find a HUD-certified housing counseling agency by calling 1-800-569-4287.
Additional information is made available by HUD on its website at http://www.hud.gov.