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Payment Challenges -- Options to Avoid Foreclosure

We understand life can present challenges like loss of employment, medical problems, and other circumstances that can make it difficult for you to meet your mortgage obligation.

If you are struggling to make your mortgage payments, we'll work with you to try to find a resolution that you can manage. A Union Bank representative will assess your current financial status to assist you in determining which of the following options may be right for you###DISCLAIMER:2_0 Subject to Approval###:

  • Repayment Plan
  • Loan Modification
  • Forbearance
  • Short Sale
  • Deed in Lieu of Foreclosure

Call us today toll-free at 1-800-841-4956 (option 2) Monday-Friday from 8:00 a.m. to 5:00 p.m. (Pacific Time) to discuss the various available options.

In order for a representative to assess your financial condition and help you to determine which resolution option may work for you, the following information may be requested of you from Union Bank.

  • Executed Affidavit of Financial Hardship 
  • Hardship Letter & Any Borrower-required Explanations
  • Monthly Income and Expense Worksheet
  • Borrower's Financial Statement
  • Copies of last two months' statements of all open deposit accounts
  • A copy of the last two years' tax returns
  • A signed IRS 4506T by all borrowers
  • Copy of the most recent utility bill
  • Evidence of Income, not more than 90 days old; i.e., pay stubs
  • If Junior Lien, copy of current loan statement and written authorization to release information to Union Bank
For additional assistance you can also contact the U.S. Department of Housing and Urban Development (HUD) toll-free at 1-800-569-4287 to find a HUD-certified housing counseling agency. If your property is located in Washington and you would like assistance in determining your rights and opportunities, you can also contact the Washington Housing Finance Commission at 1-877-894-4663