According to The Homeownership Resource Center, a division of the Charleston-based, nonprofit Family Service, Inc. most of the money is going unused because people are simply unaware that such financial help is available.
Director Debbie Kidd reports that “free financial support may be available for homeowners who are unemployed, underemployed, or falling behind on their mortgage payments.” Kidd adds “even those who have already missed payments or are already in the foreclosure process may benefit.”
“In many cases,” Kidd says, “homeowners can have their mortgage paid for up to 24 months.”
The federal government recently revised criteria that simplifies the process of applying for assistance. Revised criteria allow homeowners the opportunity to modify mortgage terms with less paperwork and under less stringent criteria.
Distressed homeowners are encouraged to contact The Homeownership Resource Center for one-on-one assistance with a Housing and Urban Development (HUD) counselor who will provide full details on options to prevent foreclosure.
Interested parties can learn more at ForeclosureHelpForSC.org or schedule an appointment with The Homeownership Resource Center by calling 888-320-0350.
About The Homeownership Resource Center
The Homeownership Resource Center, a division of the Charleston-based nonprofit Family Services, Inc. is a member of the national NeighborWorks America® network and is certified by the U.S. Department of Housing and Urban Development as a full-service housing counseling agency. The center provides homeownership education and counseling. Their Foreclosure Prevention program is designed specifically for homeowners who are behind, or anticipate becoming behind, on their primary home mortgage payments.