Foreclosure and Mortgage Assistance For You-get your foreclosure and mortgage assistance programs and pay off your dues to live securely with your family.
Paying off mortgages and foreclosure can be really intimidating and with meager savings or income it can even lead to evictions or homelessness. To offer assistance to families at poverty level grants and benefit programs have been initiated by the government, state or local agencies, nonprofit organizations and banks that can help settle down payments, foreclosures and mortgage issues. Families may also seek legal help.
Read thoroughly for all available programs and live securely with your family.
You need to know- How to Apply For First Time Home Buyer Grants
Mortgage Assistance Programs to Apply For
Government Assistance: states, counties and local governments offer assistance to low income earners for their mortgage and foreclosure. The US government has initiated loan modification services, refinancing programs, foreclosure prevention programs and mortgage assistance programs that help disadvantaged people from getting homeless.
These programs, administered by the U.S. Treasury Department and HUD, are Second Lien Modification Program (2MP), Home Affordable Modification Program (HAMP), Home Affordable Refinance Program (HARP) and Principal Reduction Alternative (PRA).
There are even assistance programs for unemployed homeowners such as Home Affordable Unemployment Program (UP), FHA Special Forbearance and Emergency Homeowners’ Loan Program.
Federal Organization: there are government owned organizations that offer help with foreclosure and mortgage. Fannie Mae and Freddie Mac have initiated programs and services like Borrowers Help Centers, Borrower Help Network and Streamlined Modification Initiative that help homeowners with their mortgage payment. Further assistance programs like Making Home Affordable Program, Hope for Homeowners by the Federal Housing Authority, Military Homeowners Assistance Program and Neighborhood Stabilization Program also can help.
Non-profit Housing Counseling Agencies: the nonprofits or the HUD approved housing counseling agencies assist in paying off the monthly mortgage and prevent foreclosures. The services rendered are mostly free of cost. There are special programs for renters, tenants and homeowners. While for renters and tenants the programs emphasize more on eviction, for homeowners the programs mostly pertain to foreclosure for assistance with home loan modifications or credit repayment. Nonprofit housing agencies like the Housing Counseling Agency, NeighborWorks America, Neighborhood Assistance Corporation of America, Union Plus and Save the Dream Tour also offer assistance.
Catholic Charities: many foreclosure counseling programs and homebuyer assistance are also offered by catholic charities. The services are provided free of cost all across the nation through their centers. Even community action agencies offer cash grants to avoid foreclosure or homelessness.
Mortgage forbearance programs are also offered by banks that include Citibank, bank of America, JP Morgan and Wells Fargo. Loans are also available at low interest rates to clear any housing dues.
Federal Legal Assistance: federal grants are also given to law offices and attorneys to offer legal assistance to homeowners for foreclosure. The legal officers probe into the matter and offer help to support such homeowners to avoid homelessness.
If you are also facing issues with foreclosure or mortgage problems then start applying for the federal grants or seek help from nonprofits to save your roof. Apply with your state, local or county offices for support.
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