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Foreclosure Prevention Information

Services are free and confidential.  Contact us at 952-402-9022 x203 or download and return the Intake Form.
What is the Foreclosure Prevention Program?
The Scott County CDA Foreclosure Prevention Program provides free confidential services to homeowners who are at risk of losing their home.  This program serves homeowners who are behind or are at risk of falling behind on housing payments.  If you live outside of Scott County, the Minnesota Homeownership Center can help you find a certified, non-profit, foreclosure counselor in your area. 
 
How do I get started?
You can get started in three ways:
1.  Call the Scott County CDA: 952-402-9022 x202
2.  Download and return our Intake Form.  Completed forms can be:
  • Faxed to 952-496-2852
  • Emailed to cda-info@scottcda.org
  • Mailed or dropped off at 323 South Naumkeag Street, Shakopee, MN  55379
3.  Attend a workshop: Bring your completed Intake Form with you to the workshop. 
     Registration for the workshop is encouraged.  (Workshops may be canceled if there are no registered attendees.)
     At the workshop you will have the opportunity to schedule a one-on-one appointment with a homeownership specialist. 

Workshop schedule:
  • Wednesday, March 27, 2013 at 5:00PM, Shakopee Library, 235 Lewis Street S, Shakopee, MN 55379
  • Tuesday, April 23, 2013 at 5:00PM, Shakopee Library, 235 Lewis Street S, Shakopee, MN 55379
  • Tuesday, May 21, 2013 at 5:00PM, Shakopee Library, 235 Lewis Street S, Shakopee, MN 55379

Does housing counseling really work?

HUD Studies show counseling helps families prepare for homeownership and keep the homes they have. The foreclosure counseling outcomes study found:  
  • Most study participants attempted to contact their servicer when they first fell behind but were unsuccessful in negotiating with their lenders on their own.
  • With a counselor's help, 69% of counselees obtained a mortgage remedy, and 56% were able to become current on their mortgages.
  • Nearly 70% of clients who sought counseling before becoming deliquent were in their home and current on their mortgage payments in the 18-month followup period, whereas only 30% of clients who were six or more months behind at the time they entered counseling were in their home and current at followup.

Are there other resources available?

  • If your primary residence was involved in a foreclosure process between January 1, 2009, and December 31, 2010, you may qualify for a free Independent Mortgage Review.
  • Minnesota joined the National Mortgage Settlement involving Bank of America, JP Morgan Chase, Wells Fargo, Citibank, and GMAC/Ally Financial.
  • Homeowners in Scott County that have been displaced by foreclosure may qualify for a Re-Housing Grant to help cover the cost of moving to alternative housing.

Related Links:

Loan Modification Scam Alert
Minnesota Attorney General
The Department of Housing and Urban Development
U.S. Department of the Treasury, Financial Stability Initiative
Minnesota Housing 


Helpful Fact Sheets:

Is Your Mortgage Still Right for You?
The Foreclosure Process in Minnesota
Tips for Working with Your Lender
Understanding Workout Options
How to Write a Hardship Letter 
Understanding the Home Affordable Modification Program (HAMP)

More Fact Sheets are available from the Minnesota Homeownership Center.   

Scott County CDA has adopted National Industry Standards.  Find out more here.