Foreclosure Prevention Assistance
Without fast action now, you could wind up another foreclosure statistic!
Take action now! The early stages of delinquency are the most critical - homeowners who are oneor two payments behind are more likely to keep their homes than those who have fallen further behind on their mortgage payments.
Foreclosure Prevention Assistance Process
Metro Community Development is involved in programs and services to preserve homeownership. To sign up for foreclosure prevention assistance:
- Complete the attached foreclosure paperwork at the bottom of the page titled "Complete Application" at the bottom of the page. Please note - All forms must completed in full PRIOR to assistance being provided.
- Once your application is received you will be registered for the foreclosure workshop. MCD will respond to your application within 48 hours. YOU MUST SUBMIT FORECLOSURE APPLICATION IN ORDER TO BE REGISTERED FOR THE WORKSHOP. For information regarding the Foreclosure Prevention Workshop please see: Foreclosure Prevention Workshop
- After completion of workshop and requested documents are submitted, you will be assigned to meet with a Foreclosure Prevention Counselor.
*If you are currently filing for bankruptcy, we will need written authorization from your bankruptcy lawyer allowing us to work on your behalf. For bankruptcy information, please view WHAT HAPPENS TO MY HOME MORTGAGE IF I FILE BANKRUPTCY?__________________________________________________________________________________
Loan scammers are making a fortune, praying off homeowners in need. Homeowners should NEVER be charged for foreclosure prevention services. Metro Community Development provides free, unbiased and accessible programs and services to prevent foreclosure.
Nobody can guarantee that they stop a foreclosure or modify your loan. Legitimate counseling agencies can only guarantee that they will provide you with the bestpossible solutions for your situation.
Beware of anyone who says they can"save" your home if you sign or transfer over the deed to your house. Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.
Never submit your mortgage payments to anyone other than your mortgage company without their approval.
If you suspect someone is committing a loan scam, please inform your Foreclosure Counselor or call the Homeowner's Hope Hotline: 1-888-995-HOPE (4673)
Michigan Hardest Hit Program
The Michigan Homeowner Assistance Nonprofit Housing Corporation (MHA) acting through Michigan State Housing Development Authority(MSHDA) has received federal funds from the U.S. Department of Treasury to helpMichigan take a step forward through a comprehensive, statewide strategy thatis aimed to help homeowners who are at high risk of default or foreclosure.
Through A Step Forward: MHA designed programs to help homeowners who have had a financial hardship. This website is the fastest way for homeowners to submit an application for assistance.
Program guidelines and application can be found at: Step Forward Michigan
Home Affordable Refinance
Are you paying your mortgage on time, but are unable to refinance to a lower interest rate, perhaps due to a decrease in the value of your home? A Home Affordable Refinance may be the solution. This refinance option is designed to help homeowners whose loans are held by Fannie Mae or Freddie Mac refinance into more affordable mortgages.
Home Affordable Modification
Are youstruggling to make your monthly mortgage payment, perhaps because your interestrate has increased or you now have less income? The Home AffordableModification may be the best option for you. This modification option is intended to help provide qualified homeowners with mortgage payments they canafford.
To determine eligibility, please visit: MHA Eligibility
What Should I Do?
Many options may be available based on your situation. Your Foreclosure Counselor will work with you to determine what you may be eligible for and what steps you should take. For information regarding what you should do, please see: Having Trouble Paying Your Mortgage?
For a list of frequently asked foreclosure questions, please see: FAQ's