Counseling Disclaimer

Important Information About Housing Counseling

The Homeownership Preservation Foundation and its affiliates are not loan companies, or real estate brokers/agents, and do not guarantee any specific results or outcomes.  We cannot guarantee that you will be able to refinance your home or arrange to keep your home.

The information presented in your housing counseling session and in any follow-up communications is based on information you provided and other factors.  We do not guarantee the applicability, accuracy, availability, or your eligibility for any product, service or program mentioned.

Housing counseling is not a substitute for legal advice from a licensed attorney, or tax and financial advice from an accountant.  If you want help understanding how the law applies to your particular circumstances and what is best financially for you and your family, you should see a qualified attorney or accountant.

Not all homeowners qualify for refinancing or mortgage loan modifications. Any decision to refinance your home or modify your mortgage will be made by your lender and will vary depending upon individual situations such as the current terms of your mortgage and your ability to meet the terms of your modified or new mortgage. Please consult with the servicer of your loan as they will determine your eligibility and render any decisions on programs for which you may qualify.  We recommend that homeowners continue making mortgage payments until refinancing or a loan modification, if available and applicable, is approved.

Any new mortgage or loan modification is not a guarantee against foreclosure if you fail to meet the terms of your new or modified mortgage.

Certain credit reporting and tax consequences may result if any portion of your mortgage debt is forgiven.  You should consult your tax advisor.

For information on foreclosure scams, please visit our section on avoiding scams.