Need Help With Your Mortgage Payments?
Let us know. We're here to help.
Help us to save your home:
- You may be eligible for an alternative to foreclosure.
- We may be able to assist if you are experiencing financial hardship.
- Are you unemployed, or are you experiencing a substantial cut in pay?
- Has a family member recently passed away or become seriously ill?
- Has divorce affected your ability to make the mortgage payments?
- Have you had to relocate due to loss of employment?
If you can afford to keep your home:
We may be able to adjust your monthly payment for a specific time in order to bring the loan current; or we may be able to modify some of the terms of your loan.
If you cannot afford to keep your home...
If you sell your home at market value and the value is less than the total due, we may agree to accept the sale proceeds to satisfy some or the entire amount you owe. We may allow you to voluntarily deed the property back to WECU® to satisfy some or the entire amount you owe. This means you would avoid a public foreclosure sale.
Please take the following actions today:
- Complete the Borrower's Financial Statement.
- Attach the supporting documentation:
Two most recent paystubs
Last year's Personal and Business (if applicable) Tax Returns
Hardship Letter - details of what has created the hardship, the type of assistance you are looking for and your plan going forward - Mail the complete package to Erik Seholm, PO Box 9750, Bellingham, WA 98227.
Still have a few questions?
If you have any questions, call Erik Seholm at 360-756-7741 or email erik.seholm@wecu.com. Homeownership counseling is also available to qualified homeowners through non-profit organizations in our area. You may contact the Fremont Public Association: 206.694.6700, the Seattle Urban League: 206.461.3792, the HOPE Now Hotline: 1.888.995.HOPE or www.995HOPE.org, DFI Home Ownership Counseling: 877.894.4663, DFI Contact: 877.746.4334, or Civil Legal Aid: 888-201-1014.
You may also contact the Department of Financial Institutions, The Washington State Bar Association, or the statewide civil legal aid hotline for possible assistance or referrals.
Important notice: Contacting our office will not suspend your obligation to make your mortgage payments. Furthermore, we will continue all collection efforts and foreclosure activity unless and until a workout plan has been completed.
Click Here to read about Early Delinquency Intervention.
