Statebridge Borrower Services

We’d like to welcome you to Statebridge Company. At Statebridge, we understand the importance of homeownership and we are dedicated to making sure you receive the individual attention and debt management assistance you deserve.

We realize that it can be distressing when you fall behind on your mortgage payments. We want to work with you to help you avoid foreclosure.

Statebridge loss mitigation strategies are designed to help keep borrowers in their homes.  Qualifying for individual programs may be dependent upon allowances and requirements as established by the owner or insurer of your mortgage. Please speak with your Statebridge servicing specialist who may be able to provide you with alternative solutions.

Forbearance Plans

A forbearance agreement is a written agreement to reduce or suspend payments due on your loan for a limited and specific time period.  During the forbearance period, Statebridge will forbear from initiating foreclosure action.  Because a forbearance plan may not fully reinstate the loan, the plan will often be followed by reinstating the loan by one of the following methods based on your ability to pay:

  • a lump sum payment
  • a reinstatement plan
  • a repayment plan
  • loan modification
  • short sale

Repayment Plans

A repayment plan is an executed plan wherein you agree to pay your current monthly payment plus an additional amount and a down payment to repay the outstanding debt owed in an established amount of time. If you remit all payments, late charges and advances (property inspections, BPO’s, etc.) the completion of the plan results in you bringing your loan current.

Loan Modifications

A modification is a structured agreement where one or more terms of your mortgage are changed to enable you to bring your defaulted loan current.

Short Sales

A short sale occurs when you sell your property and the proceeds from the sale are less than the total amount owed.  Statebridge may be able to approve your short sale and forgive the remaining debt owed.

Deeds in Lieu

A Deed in Lieu occurs when you agree to sign over your property to Statebridge in exchange for Statebridge not foreclosing on your home.


Statebridge works closely with lenders who might be able to help you refinance your loan. In addition, in certain circumstances the current owner of your mortgage may be able to help you with closing costs, accept a separate note for the debt that cannot be included in your refinance or even forgive some of your debt to facilitate the refinance.

FEMA Information

Individuals or businesses that have suffered damages from a national disaster can check the status of disasters on this page.

If you need to apply for FEMA disaster financial assistance you can review FEMA Disaster Packages on this page.

Contact Statebridge today to learn more.

To reach a HUD certified housing counseling agency, please call 1-800-FED-INFO (1-800-333-4636).

Do you have a comment, suggestion or complaint? Please contact us.

Need Homeowner Assistance Funds?

Please click the link below to find your state’s program.

Homeowner Assistance Fund — NCSHA