How to Avoid Foreclosure

If you're facing financial challenges, we're committed to keeping you in your home.

Job losses happen. So does illness and injury. At CoastHills, we understand that life's twists and turns may cause economic hardship and make it difficult for borrowers to make their mortgage payments. If you find yourself in this situation, the best thing to do is call us as soon as possible.

We know how you feel

No one wants to see anyone lose their home. We'll go the extra mile to help you avoid foreclosure.

Get in touch

The sooner you contact us about your mortgage payment challenges, the sooner we can start helping you.

There are options

We may be able to modify your mortgage terms or create a plan for you to catch up with overdue payments.

Be prepared

When you meet with us to discuss your situation, it's important to bring the financial documents we require.

The sooner you call us, the more options you'll have to avoid foreclosure proceedings. A formal foreclosure will damage your credit rating and hurt your ability to borrow money in the future. Our goal is your goal - to keep you in your home. We have options that may be available to you during these difficult times.

  • Repayment plan: Catch up with missed mortgage payments by creating a schedule for repaying the past-due amounts.
  • Loan modification: Change your mortgage terms to make payments more affordable.
  • Forbearance: Allow reduced or suspended payments for a short period of time, after which another option will be agreed upon to bring the loan current.

Take action by meeting with us and coming up with a plan. Please contact us at (805) 733-7652 to schedule a meeting. You will need the following financial documents:

  • Most recent pay stubs
  • Most recent W-2 tax statement
  • Letter describing your financial difficulty and its impact on your financial situation
  • Written description of your income and expenses
  • Financial statement

CoastHills Credit Union is a full-service financial institution with 12 Central Coast locations throughout Santa Barbara and San Luis Obispo counties.


Your questions answered

By setting up automatic payments on any loan, you're reducing your risk of missing a payment which could result in late fees. For help in setting up autopay, visit any of our 12 Central Coast locations, or call us at (805) 733-7600

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Here to help

No matter your inquiry, give us a call at (805) 733-7600, or use one of our other convenient contact methods.