If you cannot afford your monthly payments and wish to avoid foreclosure, you may be eligible for a loan modification. We determine eligibility for loan modifications on a case-by-case basis. Among other things, we will consider the value of your property and your ability (based on your current income) to make monthly mortgage payments in accordance with the modification. You may also qualify to refinance your current loan with us.

If you are interested in exploring any of the options listed above, you will need to provide us with certain financial information, including the following: your most recent paystub, list of current monthly expenses, your most recent tax return, bank statements, a current valuation of your property, if available (such as an appraisal), and any other documents determined to be necessary to make a loan decision.

If you would like to discuss your options for avoiding foreclosure with us, please call the Credit Administration Department at CalPrivate Bank at our toll-free number (877) 852-8080. Business hours are Monday – Friday 9:00 a.m. to 4:00 p.m.

You may also contact the Department of Housing and Urban Development (HUD) to find a HUD-certified housing counseling agency by calling (800) 569-4287. Additional information is made available by HUD on its website at http://www.hud.gov.