FORECLOSURE PREVENTION

Are you at risk of losing your home to foreclosure? Let’s talk about your options.

Are you at risk of losing your home to foreclosure? Let’s talk about your options.

In the beginning of the foreclosure crisis, millions of homeowners found themselves anchored to a mortgage which is underwater and they owe more than their home is worth. In the past, homeowners enduring these challenges had very few options, and most would be forced to lose their home to foreclosure.

Today, however, there are more options. The government and the banks have created a multitude of programs and foreclosure alternatives that can help people in these circumstances find a dignified solution for their problems without crippling their financial future. These options include loan modifications, refinancing, Deed in Lieu or short sales. Let’s explore some of these options and there are more you may qualify for. Click below to find out more about some of these programs.

Florida Hardest Hit Programs

UMAP/MLRP (Underemployed Mortgage Assistance/Mortgage Loan Reinstatement Programs)

The federal government has allocated funding to help pay the mortgages of qualified homeowners who are unemployed or underemployed through no fault of their own. As of March 2015, eligible hardships include due to Death Divorce and Disability. Homeowners who qualify for assistance may receive up to twelve (12) months of monthly mortgage payments (including escrowed mortgage-related payments) with up-front mortgage reinstatement funds, or funds to pay past due mortgage payments to bring a delinquent first mortgage current; these funds are paid directly to the loan servicer/lender.

Eligibility requirements include, but are not limited to, the following:

There is a maximum of $42,000 available per household.

Up to $24,000 for mortgage payments

Up to $18,000 for reinstatement of past due payments

Up to 25,000 for mortgage reinstatement only for borrower who have recover from hardship but are able not to bring past due payments current.

To Apply visit: www.flhardesthithelp.org
Please use Referal Code #62032

Principal Reduction Program

The federal government has allocated funding to assist eligible Florida homeowners who owe at least 125% more on their home than its current market value, commonly referred to as the home being “underwater.” The Florida Hardest-Hit Fund Principal Reduction (HHF-PR) program will provide up to $50,000 to an eligible homeowner(s) to help reduce the principal balance of the first mortgage. The program is available in all 67 counties in the State.

Eligibility requirements include, but are not limited to, the following:

To Apply visit www.principalreductionflhhf.org
Please use Referral Code #62032

Click Here to download the foreclosure package.  Please print and return to HEA.
Haga clic aquí  para descargar el paquete de la ejecución hipotecaria. Por favor, imprimir y volver a HEA .