THE NEW EMERGENCY FORECLOSURE ASSISTANCE FUND
The recent landmark joint federal-state settlement involving the nation's five largest mortgage services will provide additional resources for foreclosure prevention services in Iowa through the Iowa Mortgage Help initiative.
There is a new tool now available to eligible (and I emphasize eligible) homeowners through the new Emergency Foreclosure Assistance Fund. This fund may assist homeowners in filling gaps to make their mortgage payment with up to $2,000 in assistance. The program could possibly help about 500 Iowa homeowners avoid default and foreclosure.
Iowa homeowners who are behind, or feel they may soon be behind, on their mortgage are encouraged to seek assistance by calling eh toll-free Iowa Mortgage Help hot line at 877-622-4866.
This initiative is a partnership between the Iowa Attorney General's Office and the Iowa Finance Authority that offers free, confidential help from local, trained counselors.
IF YOU KNOW OF ANYONE WHO MIGHT BENEFIT FROM THIS PROGRAM PLEASE LET THEM KNOW!!!!!!!!!!!!
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