Monday, October 22, 2012

Foreclosure Help

Foreclosure prevention

Residents faced with foreclosure have another lifeline to turn to, local housing experts say.
Grand Haven Housing Coordinator Char Seise said the Step Forward Michigan program has nearly $490 million available to assist homeowners in the state who are struggling.

“It’s a lot of money that needs to be spent,” Seise said. “We’re trying to get the word out that it exists.”
The program is made possible through funding from the U.S. Treasury’s Hardest Hit Funds program to develop a statewide strategy aimed at helping homeowners who are at high risk of default or foreclosure.
Seise said the program consist mainly of two parts: one for people who are unemployed and one for people who have fallen behind on their mortgage payments.

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  1. Helpful forclosure advice - pays to do some research beforehand!

  2. CFS Mortgage,, has a flexible loan program. They allow a mortgage after a foreclosure, short sale, or chapter 7 bankruptcy. There is only a six month waiting period. This is perfect for individuals looking to become homeowners again.

    CFS Mortgage