Financial Hardship Borrower's Assistance Program
Are you currently facing financial hardship? Assistance may be available, if you qualify.
Options to Avoid Foreclosure
The variety of options summarized below may help you keep your home. For example, you may be eligible to modify your mortgage, lowering your monthly payment to make it more affordable. Contact us to determine if you qualify.
Depending on your circumstances, staying in your home may not be possible. In this case, a short sale or deed-in-lieu of foreclosure may be a better choice than foreclosure – see below for more information.
- Short Sale
- Deed-in-Lieu of Foreclosure
- Don’t delay, as failure to take action may result in foreclosure proceedings being initiated on your mortgage.
Please see our contact information below for sending documents to us.
- Sending electronically? Please contact us at (800) 582-9702 for secure delivery options.
- Do NOT send the documents through regular e-mail as this is not secure.
Union Savings Bank
Attn: Default Services
8805 Governor’s Hill Drive
Cincinnati, OH 45249
The following agencies may provide assistance and/or information to you regarding assistance available during the foreclosure process.
For Save the Dream Ohio, please see this Fact Sheet from the Ohio Housing Finance Agency.
Options to Stay in Your Home
Options to Leave Your Home
We Want to Help
Take action to gain peace of mind and control of your housing situation. Call us at 1-800-582-9702 and we’ll talk about available options and help you understand the forms and documents we need from you to determine if you qualify for an option to avoid foreclosure.
Frequently Asked Questions
USB does not charge fees nor should a qualified counselor to obtain assistance or information about foreclosure prevention options. However, foreclosure prevention has become a target for scam artists. Be wary of companies or individuals offering to help you for a fee, and never send a mortgage payment to any company other than USB or one designated to receive your payments under a state assistance program.
Forfeiture of your home through a legal process where USB repossesses the property and you will have to move. This process may involve an eviction, you may remain liable for your mortgage debt and it may be as long as seven years before you are eligible for another Fannie Mae or Freddie Mac loan.
If you do not respond to notices to you regarding past due payments, your lender may refer your loan to foreclosure in accordance with your mortgage loan documents and applicable law.
Yes, the sooner, the better!
If USB receives a complete Uniform Borrower Assistance Form and the supporting documents it requires with only 37 or fewer calendar days before a scheduled foreclosure sale, there is no guarantee we can evaluate you for a foreclosure alternative in time to stop the foreclosure sale. Even if we are able to approve you for a foreclosure alternative prior to a sale, a court with jurisdiction over the foreclosure proceeding (if any) or public official charged with carrying out the sale may not halt the scheduled sale.
No. The property will not be sold at a foreclosure sale if you accept an offer for an alternative to foreclosure and comply with all requirements.
Beware of Foreclosure Rescue Scams!
Scam artists have stolen millions of dollars from distressed homeowners by promising immediate relief from foreclosure, or demanding cash for counseling services when HUD approved counseling agencies provide the same services for FREE. If you receive an offer, information or advice that sounds too good to be true, it probably is. Don’t let them take advantage of you, your situation, your house or your money. Remember, help is FREE.
How to Report a Scam – do one of the following:
- Go to www.preventloanscams.org and fill out the Loan Modification Scam Prevention Network’s (LMSPN) complaint form online and get more information on how to fight back. Note: you can also fill out this form and send to the fax number/e-mail/address (your choice!) on the back of the form.
- Call 1 (888) 995-HOPE (4673) and tell the counselor about your situation and that you believe you were scammed or know of a scam.”
Beware of a company or person who:
- Asks for a fee in advance to work with your lender to modify, refinance or reinstate your mortgage.
- Guarantees they can stop a foreclosure or get your loan modified.
- Advises you to stop paying your mortgage company and pay them instead.
- Pressures you to sign over the deed to your home or sign any paperwork that you haven’t had a chance to read, and you don’t fully understand.
- Claims to offer “government approved” or “official government” loan modifications.
- Asks you to release personal financial information online or over the phone and you have not been working with this person and/or do not know them.