Foreclosure Counseling

PROGRAMS

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Foreclosure Counseling

The foreclosure intervention counseling provided by Southwest Economic Solutions is recognized as one of the leading programs of its kind in the Detroit area because of its effectiveness in helping homeowners avoid foreclosure and keep their homes. Our agency is HUD-approved and our professional counselors are MSHDA-certified and NeighborWorks-trained and certified. We serve homeowners throughout the metro Detroit and tri-county area. We also have Spanish/English bilingual counselors, and our services are free of charge. Our counselors work with homeowners facing financial hardship to submit the necessary documents to obtain property tax or mortgage default assistance. These arrangements benefit not only the homeowners, but lenders and the neighborhoods too, because they preserve equity and property values.

Services

Listed below are the forms and accompanying materials we need from you before we are able to assist you.

We are required by our funders to collect all this information, so while it may seem overwhelming at first, the materials you provide will allow us to better understand your current situation and work more efficiently with your lender.

Please download the appropriate forms and fill them out completely, and gather all the other documents requested. The forms that you should download and complete depend on the type of assistance you need:

If you are behind on your mortgage payments and need assistance avoiding mortgage foreclosure, download this document:

If you are behind on your property taxes and/or mortgage payments and would like to apply for assistance through the Step Forward Michigan program, download this document:

Once you have completed your intake packet, you should:

Mail it or deliver it yourself to:

Foreclosure Intake Specialist
2835 Bagley, Suite 800, Detroit, MI 48216

Or email it to

Lupe Zarate or Kathy Ralston

Walk-in hours for new foreclosure clients are Monday and Wednesday from 9am – 4pm.

Other Services

We can often help you keep your home. But even when Southwest Economic Solutions cannot prevent the foreclosure, our counselors can assist you in many other ways, including helping you to find affordable housing and build a better financial future through our financial capabilities curriculum.

Our financial capabilities curriculum covers many important topics, including:

  • Mastering money management
  • Debt reduction
  • Banking basics
  • Insurance
  • Developing a spending plan
  • Improving credit ratios and savings
  • Consumer protection
  • Fair Housing and Fair Lending

Financial capability is provided through our Center for Working Families, by our Financial Coach, Olga Ortiz-Rodriguez, a MSHDA-certified financial coach. We can advise you on how to keep your homes when facing a crisis, through counseling, debt restructuring and loss mitigation alternatives.

Experts strongly recommend financial coaching, especially for homeowners, because of its proven success in helping families manage and protect their homes. Please note: To participate in financial capability and work with our financial coach, you must be referred by a foreclosure counselor from our agency.

Resources for People Facing Foreclosure

RESULTS

We provided foreclosure mitigation counseling to 274 families in 2014 and helped keep 129 in their homes directly and/or through referrals

Our success rate far exceeds the national average

Good, affordable housing available for families whose mortgages cannot be renegotiated
40% of those we counsel for foreclosure are also referred to our Center for Working Families
Research from NeighborWorks America shows that homeowners who receive credit counseling are 60 percent more likely to avoid foreclosure than those who are not counseled
Participated in Freddie Mac’s national Borrower Help Network and partnered with Fannie Mae to provide expert foreclosure counseling to its distressed borrowers in Michigan
The Skillman Foundation calls our services “by far, the best and most effective foreclosure prevention program”

CONTACT:

Southwest Economic Solutions is located at the Welcome Center at 2835 Bagley, Suite 800, Detroit, MI  48216. To learn more or schedule an appointment, call us at 313.841.9641 or email us.

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