Can I use a government program or assistance to stop a foreclosure in Ohio?
Preventing Foreclosure in Ohio: Options
If you are facing a foreclosure in Ohio, you may be wondering if you can use a government program or assistance to stop the process. While no one can guarantee that a foreclosure can be stopped, there are a number of government programs and resources available to homeowners who are struggling to make their mortgage payments and are at risk of foreclosure. These programs can provide valuable support and guidance as you explore your options.
One government program to consider is the Ohio Hardest Hit Fund (HHF). The Ohio HHF is a program that provides financial assistance to homeowners who are struggling to make their mortgage payments due to job loss, reduction in income, or other financial hardship. The program offers a variety of assistance options, including mortgage payment assistance, unemployment mortgage assistance, and transition assistance.
Another government program to consider is the Home Affordable Modification Program (HAMP). HAMP is a federally-funded program that provides financial incentives to lenders to modify the terms of a borrower's mortgage to make the payments more affordable. To qualify for HAMP, you must have a financial hardship that makes it difficult for you to make your mortgage payments, and your mortgage must be owned or guaranteed by Fannie Mae or Freddie Mac.
There are also a number of other government programs and resources available to homeowners facing foreclosure, including the Home Affordable Refinance Program (HARP) and the Making Home Affordable Program (MHA). These programs are designed to help homeowners who are struggling to make their mortgage payments due to financial hardship or who owe more on their mortgage than their home is worth.
If you are interested in using a government program or assistance to stop a foreclosure in Ohio, we recommend that you seek the assistance of an attorney who is experienced in helping homeowners facing foreclosure. An attorney can help you understand your rights and options, and can assist you in applying for government assistance. To speak with a qualified attorney about your options for using a government program or assistance to stop a foreclosure in Ohio, please call the law firm of Doucet Co., LPA at (888) 200-9824.