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  • Are You Eligible For The Homesafe Georgia Program?

    Getting Help With Your Georgia Mortgage
    Like much of the rest of the country, Georgia is facing high unemployment rates and increasing foreclosures on homes. To counter this, the Homesafe Georgia program has begun, offering a home-equity type loan to homeowners, providing temporary help for the homeowner who is was unemployed or underemployed due to layoff.

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    There are two types of assistance available: Payment and Reinstatement. Payment assistance occurs when you are still out of work or underemployed. This plan will make your payments for up to 18 months, along with your contribution to the plan, too. Reinstatement is for those who have once again found work, but still owe substantial unpaid mortgage payments, up to six months. With reinstatement assistance, one lump sum is paid to your lender, catching you up so that you can continue with your mortgage payments on your own.

    Who Can Qualify For This Program? (more…)

    Georgia State Government Programs that offer Mortgage Assistance

    There are many agencies and programs in the state of Georgia that want to help their citizens fight foreclosures on their homes, retain their homes and also to help purchase homes.  Georgia not only has these agencies that provide counseling, workshops and guidance, but they also have grants that support the state economy and increase access to better jobs and education by offering financial assistance that has loan forgiveness.

    Georgia’s Department of Community Affairs helps prevent foreclosures, offers bridge loans in the form of mortgage assistance and other aid to those who have lost work because of circumstances not their fault, through a program called “Homesafe Georgia,” that is funded by the United States Government’s “Hardest Hit Fund (HHF).”

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    If you are a resident in Georgia and are struggling to meet your mortgage payments you are at risk of losing your home. The Georgia Department of Community Affairs provides valuable advice on how to avoid foreclosure and find free help from professional housing counselors.

    Every state has different laws on foreclosure process, so it is important to know your state laws. Local housing counselors can provide you with this and other important information. Georgia, for instance, is a nonjudicial state in foreclosure matters. This means that a lender does not have to go to court to start a foreclosure. Nevertheless the borrower must be at least 90 days (three months) behind on his payments. Also, the lender or a representative must advertise the date of the foreclosure for 30 days in a legal publication of your county.

    How can housing counselors help?

    Knowing what to do is not easy when you are worried you might lose your home. A certified counselor can help you ask for help in the right way to the right people. Counselors have lists of contacts for key people in the main lending companies. These are decision makers that have the authority to negotiate the terms of a mortgage workout. A counseling agency can also help you to write a financial hardship letter asking for a mortgage workout. Just writing this letter and filling legal forms can be a nightmare for some people. Free counseling agencies can help you with this at no cost to you.

    Counseling agencies can also help you find out what alternatives you have in your specific circumstances. For instance, if you just lost your job you might be tempted to ignore your mortgage payments until you find a job. However, a housing counseling agency can help you ask your lender to reduce or stop payments until you have a job again. These choices might not be available if you wait too long without either contacting a housing counselor or your lender. Just remember that a housing counselor is paid to have your best interest at heart, and a bank does not.

    Can counseling agencies give me funds to help me meet my late payments?

    Although the government funding that pays for counseling agencies does not allow them to use these funds to provide direct financial aid, but they can put you in touch with others that can. Talk to your local housing counseling agency and ask what programs (government and private) are available to help you bring a mortgage current or pay for other expenses.

    Even if you feel there is no chance of you keeping your home and foreclosure is unavoidable, you should still contact a housing counselor. They can explain to you how the Homeowner Affordability and Stability Plan can help you find alternatives to foreclosure.

    Click here for a list of counseling agencies approved by the Georgia Department of Community of affairs or call 1-888-995-4673 to find your closest HUD approved agency.

    georgiaGeorgia’s perfect weather and soft southern hospitality is a great reason to live there. Georgia government mortgage help is available fortunately so that you can keep your home in Georgia safe from foreclosure.   Among those problems that Georgia faces are the higher unemployment rate and its place among the top ten states for mortgage foreclosure in the United states.

    The government of Georgia, in response to the many home foreclosures in the state has implemented some programs that will help Georgia residents to make the best quest to save their homes from foreclosure. Georgia has implemented Georgia mortgage counselors to assist you in finding ways to prevent foreclosure in Georgia. These counselors are never a for pay service, but are free to Georgia residents who are behind in their mortgage payments and need someone to assist them or to speak for them in the foreclosure or foreclosure prevention processes.

    Georgia Antebellum House

    Georgia Antebellum House

    Georgia mortgage prevention counselors, all of whom are HUD approved, like HUD counselors or HUD approved counseling agencies in Georgia, these folks will speak for you to your lending facility or financial institution so that you will be sure of your options and chances to save your home. HUD agencies are at work full time in Georgia and cost you nothing to use, so you’re money can be better spent catching up the payments that you need to make up.

    A few things you might want to remember when you’re attempting to keep your Georgia home in your own hands.
    **Never neglect the phone calls
    **Try using the Obama incentives for Making Home Affordable to assist you in refinancing and deferrment.
    **Keep a record of your conversations and communications
    **Attempt anything which is legal to keep your home. Any program may be the right answer for you.
    **Hardship letters and good communication may bring about offers for you. Keep in close touch with your mortgage provider and make sure that you document each communication from them and from you .. Use certified of registered letters to communicate.

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    Other things you may want to use in Georgia to assist you in your efforts to keep your house intact are HUD GUIDE TO FORECLOSURE PREVENTION, as well as using some of the other FHA and HUD guides to preventing foreclosure on your home. Keeping your eyes open and using any legitimate method will benefit you in the long run.

    Do take care to watch out for unscrupulous people who will attempt to deliver promises that they can’t keep, or use methods that are less than legal and end up doing  you damage in the long run. Make sure that you are familiar with all of things going on around you so that you avoid the pitfalls that can take place with Georgia  mortgage prevention, and do your best to keep your home in Georgia safe from foreclosure.