Google+Mortgage Assistance Program | IBERIABANK Google+

Mortgage Assistance Program

At IBERIABANK, we realize that these are challenging times and many property owners are dealing with hardships. Please note that your options differ based on whether the property in question is your primary residence or an investment/second home/home equity line of credit.


If the loan in question is on your primary residence, our goal is to help you stay in your home.

If you have a financial hardship (such as unemployment, reduced income, divorce, disability, or illness), and it has affected your ability to make your mortgage payment on your primary residence, you need to communicate with us. Please note that the programs we offer may have tax implications, so it is also important for you to consult with a financial or tax advisor when considering these options.To begin the process, please complete and submit the Financial Assistance Packet. To submit your documentation choose one of the following:


Mail your documentation to:

IBERIABANK

P.O. Box 783

Sarasota, FL 34230-0783

Attn: Special Assets Representative


For UPS or FedEx send to:

IBERIABANK

1741 Main Street, 2nd Floor

Sarasota, FL 34236

Attn: Special Assets Representative


Via email send to:

[email protected]


Via fax send to:

941.363.3198


If you need assistance filling out the packet, call our Toll Free number 866-344-6889 ext. 633144. Our offices are open Monday through Friday (except holidays) between 8:30 a.m. and 5 p.m. EST. In order to expedite the review of your application please send all required documentation at one time. Please be sure to have your loan number when you call. An IBERIABANK Special Assets Representative will contact you and determine your eligibility for this program.

Temporary Loan Modification

This option changes the terms of your loan without refinancing and may include adding delinquent payments to the balance of your loan (these are repaid over the remaining term). You must be pre-qualified for a modification program. Once approved, we will complete a Modification Agreement for you to sign. Your monthly statement will then reflect your new due date and modified payment amount.

Repayment/Special Forbearance Plan

We may agree to delay foreclosure or other legal action if you promise to repay the delinquent amount over a specified period of time. You must be pre-qualified for this plan. Once approved, your plan will be monitored by us during the repayment period until the loan is brought current.

If you are unable to retain ownership the following programs may be available.

Short Sale

You may be able to sell your property at fair market value even if the sale's proceeds are less than what is owed on your loan. This option provides you with an opportunity to sell your home quickly, while attempting to preserve your credit rating. Special terms and conditions may apply. If you are interested in pursuing a Short Sale, please complete and submit the Short Sale Program Packet. To submit your documentation choose one of the following:



Mail your documentation to:

IBERIABANK

1743 Main Street

Sarasota, FL 34236-0783

Attn: Special Assets Representative


For UPS or FedEx send to:

IBERIABANK

1741 Main Street, 2nd Floor

Sarasota, FL 34236

Attn: Special Assets Representative

Via email send to:

[email protected]

Via fax send to:

941.363.3198


An IBERIABANK Special Assets Representative will contact you and determine your eligibility for this option.

Deed-in-Lieu of Foreclosure

This is an option of last resort and allows you to transfer your property voluntarily to IBERIABANK. Before IBERIABANK will consider a deed-in-lieu of foreclosure, you must be able to verify that you have actively had your home on the market for at least 120 days. There cannot be any second mortgages, home equity loans, or tax liens against your property. This option is subject to special terms and conditions. If you are interested in pursuing a Deed-In-Lieu of Foreclosure, you will need to contact our Business Credit Services Department. Call our Toll Free number: (866) 344-6889 ext. 633144. Our offices are open Monday through Friday (except holidays) between 8:30 a.m. and 5 p.m. EST. The more information you collect before your call, the faster we can be in determining your options. Please be sure to have your loan number when you call. An IBERIABANK Special Assets Representative determine your eligibility for this option.

Don't wait – contact us now.

We may be able to help you avoid or reduce the consequences of foreclosure. By contacting us in the early stages of hardship you may provide yourself with more options. Remember, credit reporting will continue and your loan will be reported as delinquent until it is brought current. We will continue normal servicing up to and including referral to foreclosure during the time we review your request for assistance or wait for information from you.

Mortgage Assistance Resource Center

Financial Assistance Packet

Short Sale Program Packet

Avoiding Mortgage Scams

Glossary of Terms