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.

Sterling Savings Bank is a Washington state-chartered bank that operates under the following trade names: Sterling Bank, Sonoma Bank and Borrego Springs Bank. Sterling Savings Bank does not operate under the STERLING brand in the State of California, but instead operates as “Sonoma Bank” or “Borrego Springs Bank.” Sterling Savings Bank, Sterling Bank, Sonoma Bank and now Borrego Springs Bank are the same FDIC-insured institution. Deposits held under Sterling Savings Bank or any of its trade names are not separately insured by the FDIC, but are combined to determine whether a depositor has exceeded the federal deposit insurance limit.