FORECLOSURE PREVENTION

If you are experiencing temporary or permanent financial difficulties, please let us know.  If you believe you will be unable to pay your Frontier Bank mortgage, you may qualify for a loan modification.

Frontier Bank is willing to work with you to find a mutually agreeable solution for the repayment of the mortgage on your primary residence.  Depending on your financial circumstances, here are some options that may be available to help you manage your mortgage payments and preserve your primary residence:

• Refinance
• Temporary Forbearance
• Loan Modification
• Pre-foreclosure Sale
• Deed in Lieu of Foreclosure

For information about any of these options, please call us at 1-877-771-7239.

helpful Documentation

The following documents will be needed in order to evaluate your financial situation completely:

• A hardship letter describing why your mortgage is unaffordable (e.g. why your income is reduced or expenses increased)
• A current personal financial statement
• Copies of your most recent income tax returns
• Proof of household income including monthly pay stubs, any rental income or documentation of other monthly income
• Information about assets
• Information about debts (balances, line limits and required payments)
• A current mortgage payment statement
• Information about any subordinate lien mortgages on your home

Depending on the situation and type of assistance we may be able to offer, further documentation may be required.

SCAMS

Beware of foreclosure rescue scams that offer counseling services for a fee or request that you transfer over the deed to your house to "save" it.  HUD-approved housing counseling services are available at no charge.  Additionally, you should never make your mortgage payments to any organization or  individual without the approval of your mortgage company.

FORECLOSURE RESOURCES

The following contacts can provide you with important information:

• An Information Tool Kit is available from the FDIC at www.fdic.gov/consumers/loans/prevention/toolkit.html
• For a HUD-approved counselor, visit www.hud.gov/offices/hsg/sfh/hcc/fc/ or call 1-800-569-4287 (TTY:  1-800-877-8339).  There is never a fee to get assistance or information regarding alternatives to foreclosure.
• Northwest Justice Project (serving low income and those over 60 years old) 1-800-997-8944

If your primary residence is located in Washington, these two additional resources may be helpful:

• Washington Homeownership Information Hotline:  1-877-894-HOME (4663) or visit www.homeownership.wa.gov for a list of counselors in your area.
• You may also visit the State of Washington's Department of Financial Institutions at www.dfi.wa.gov/consumers/education/foreclosure/prevent_foreclosure.htm

If your primary residence is located in Oregon, you can obtain information on foreclosure alternatives by contacting:

• Department of Consumer & Business Services, Division of Finance and Corporate Securities:  503-378-4140 or 503-378-4387, Toll-free (within Oregon only) 1-866-814-9710.  Visit their website at http://foreclosurehelp.oregon.gov/