Preparing For a Settlement Steps 1 and 2

If you have followed the guide you understand what a Settlement conference is. However you may not be sure on how to prepare for it, that is OK we have you covered. This page covers the first two steps in preparing for this extremely important step.

STEP 1: Contact a HUD-Approved Housing Counselling Agency
  • Here is a list of your local HUD-approved housing counselling agencies.
    • If other companies or individuals tell you that they can help save your home if you pay them money, you should be suspicious – often times these are scammers who are trying to make a quick dollar at your expense
  • High quality and expert services are available for free from the agencies listed in this guide, and we recommend you contact one of them if you are looking for help.

STEP 2: GATHER ALL YOUR DOCUMENTS
  • You are required to bring some documents with you to the Settlement Conference. There are other documents the Bank will require to review your loan.
  • If you have already submitted these documents (often called a “loss mitigation” or “workout” package), you should expect to submit them again.
  • You should also gather all the documents you received when you originally got the loan (referred to as the “loan documents” or “closing documents”) if you can locate them. Documents to Gather
    × settlement Conference

  • If you cannot find all these documents, you should still GO TO THE SETTLEMENT CONFERENCE.

  • If there are documents the Bank provided to you when you initially got your loan (like the Note or the Mortgage) and you don’t have a copy, you can request a copy of them at the Settlement Conference.

Additional Resources
Settlement Conference Forms Guide Glossary