We understand that you may be having trouble making your full payment and you are not alone. Gateway Bank, FSB, has several options that may assist you through this difficult time, including a short sale opportunity.

This may be appropriate for homeowners who feel they can no longer afford to keep their home. With a short sale, you may be able to settle your outstanding mortgage obligation even if you sell your home for less than what you owe

Important factors to consider:

• If you sign a Promissory Note payable to Gateway Bank for the amount of the shortfall, your credit report will reflect "Negotiated Settlement."
• If you do not sign an Promissory Note, Gateway Bank is required, in most cases, to report the shortfall as income to the IRS on a Form 1099C.
• A short sale may affect your ability to obtain credit in the future.
• A short sale has credit and tax implications. We recommend that you speak to a HUD-approved credit counselor and financial or tax advisor before making the decision to choose this solution.

Call 1-888-851-5544 or 510-667-0475 to see if you qualify.