Foreclosure Concerns
If you are a Summit Bank mortgage customer and are concerned you may be subject to foreclosure, here are some important steps you should take:
1. CONTACT YOUR LENDER
If you are unable to afford your current mortgage payments, we can discuss available options such as short term payment relief, short sale, and more. Contact your Summit Bank loan officer, or call Summit Bank at 1.866.233.3100 (toll free) or 360.757.0100 to set up a meeting.
2. GATHER YOUR FINANCIAL DOCUMENTS
You will need to present the following documents when you meet with your loan officer to discuss options for avoiding foreclosure:
- Current Personal Financial Statement (form provided by your lender)
- Signed copy of your most recent IRS tax return
- Copy of your most recent pay-stubs
- Listing information (if your home is listed for sale)
- Any other documents requested by your loan officer
3. CONTACT A CERTIFIED HOUSING COUNSELING AGENCY
If you are facing a possible foreclosure, you may also contact a HUD approved counselor. Contact the Washington State Homeownership Information Hotline at 1.877.894.4663 (toll free) or go online at www.homeownership.wa.gov to find a HUD approved counselor in your area.
4. ADDITIONAL RESOURCES
There are resources available in Washington for those who cannot make their mortgage payments and are facing foreclosure. Explore the following websites to learn more.
Washington State Department of Financial Institutions: http://dfi.wa.gov/consumers/education/foreclosure/prevent_foreclosure.htm
HUD Housing Counseling Washington State: http://www.hud.gov/local/wa/homeownership/hsgcounseling.cfm
FDIC Foreclosure Prevention Information: http://www.fdic.gov/consumers/loans/prevention/index.html
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