Are you struggling to make your mortgage payment, or behind on your property taxes? Contact CNH today!
The housing market is slowly recovering, but foreclosures continue to occur and have a devastating effect on families and communities across the country. If you are struggling to keep up with your mortgage, Making Home Affordable (MHA) Program options may be able to help.
The MHA program has helped more than 1.5 million families nationwide reduce their mortgage payments and stay out of foreclosure. However, one of the more generous MHA programs, the Home Affordable Modification Program (or HAMP) ends December 31, 2016. If you are struggling to make your mortgage payments and want to be considered for a mortgage modification, time is running out! An initial application, even if not fully complete, must be received by your lender no later than December 30, 2016. If you are struggling, now is the time to act. Many mortgage companies may also work with you to find an alternative solution to reduce your payments even if you are not eligible for a HAMP modification. You can learn more about HAMP and other programs available at www.mha.gov.
If you are not eligible for HAMP through MHA , you may still have other options. The Step Forward Michigan (SFM) program, administered by the Michigan State Housing Development Authority (MSHDA), has funding available to assist homeowners behind on their mortgage and/or property taxes. You must demonstrate a financial hardship that caused you to fall behind, meaning the hardship dollar amount was at least equal to the amount that was not paid, and in the same time period. Qualifying hardships include unemployment, underemployment, unexpected medical/car/home bills, and more. You do have to currently have income that can be documented. CNH can help you complete and submit your application for review. You can also start your own application online at www.stepforwardmichigan.org.
To see the list of documents CNH will need to help you, please click on the "Necessary Documents" links to the right.
To learn more about your options and to receive free resources if you are facing foreclosure, contact the Center for Nonprofit Housing today at 231-924-0641 x 129 or firstname.lastname@example.org.