Foreclosure Relief Application

Covey Financial is committed to keeping you in your property. If you are having difficulties making your mortgage payment, please call us at (210) 610-6250. The top reason foreclosures occur is due to lack of communication. We promise that if you call us, we will do our best to work something out. 

Options that may be available:

• Reinstatement - means paying the total amount that is past due by an agreed-upon date.

• Forbearance Plan (Repayment Plan) - This is a special arrangement that allows for a negotiated payment amount to be made over a prescribed period of time in order to bring your mortgage current. A typical forbearance plan may require paying a full payment each month, plus a partial payment on the delinquent amount, until such time that the entire delinquent amount is completely paid.

• Modification – This would give you a fresh start and typically extend the term of the loan. This typically entails changing the repayment terms to make the mortgage payment more affordable. 

• Deed in Lieu of Foreclosure - A Deed in Lieu of Foreclosure is where you transfer ownership of your property to the lender in exchange for being relieved of the mortgage debt and avoiding going through the foreclosure process.

The first step you need to do is contact us using one of the following avenues:

- By Phone: (210) 610-6250 

- By Email: Staff@coveyfin.com

- By Fax: (210) 618-0561

- By Mail:   Covey Financial, 4515 San Pedro Ave., San Antonio TX 78212

WHAT TO EXPECT

Within three (3) business days of your request, we will acknowledge your inquiry in writing (via email, fax, or mail), and provide you a date by which we will resolve the escalated case. This date shall be no greater than 15 days from the receipt of your request.

Please note: You remain obligated to make all mortgage payments as they come due, even while we are evaluating your request. An escalation request will not stop any collection or foreclosure activity if these have been initiated. Your loan may be referred to foreclosure if applicable.

Please be advised, Covey Financial is attempting to collect a debt and any information obtained will be used for that purpose. 

Bankruptcy Disclosure - If you have been discharged from personal liability on the mortgage because of bankruptcy proceedings and have not reaffirmed the mortgage, or if you are the subject of a pending bankruptcy proceeding, this summary is not an attempt to collect a debt from you and is being provided for informational purposes only.