Thursday, July 15, 2010

More Funds for States Hardest-Hit by Foreclosure

One and a half billion dollars have been released to five states particularly hard hit by the foreclosure crisis: California, Michigan, Florida, Nevada, and Arizona. Each of these states is setting up a program for helping homeowners in danger of foreclosure with money, rather than simply asking for forebearance from banks (a policy that has not borne a lot of fruit so far).

If you are a homeowner in one of these states and need foreclosure help, click the link above for your state and get answers about your state's program from the housing authority. You can find out if you are qualified to receive aid from the Hardest Hit fund. More severely effected states are expected to get funding soon, so stay tuned.

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