What Should I Do if I Receive a Foreclosure Letter?

First: don't ignore it, and don't panic-shred it either. Read it carefully to identify exactly what kind of letter it is — a late notice, a breach letter, a Notice of Default, or a Notice of Sale — and what date matters most.

Your Next Steps

Second, call your servicer and ask directly what your loss mitigation options are — get names and reference numbers for the call. Third, gather your basic financial documents so you're ready to move fast. Fourth, reach out for a free, no-obligation second opinion from someone who isn't the one who sent you the letter.

The single biggest mistake at this stage is doing nothing for another week while the letter sits on the counter.