State government mortgage and foreclosure assistance
State governments have taking actions into their own hands to provide mortgage and foreclosure help. Many state as well as local governments have started numerous assistance programs, all with one goal in mind. To provide as many of their residents as possible with mortgage help, and to prevent as many foreclosures as possible. While the type of amount of assistance provided will vary by the particular local and state government, the bottom line is that they are offering help and doing whatever they can to prevent foreclosures.
Some of the assistance provided will come in the form of new mortgage loans at a reduced interest rate, mortgage counseling, help with refinancing an existing mortgage, cash grants, and other aid. Many states also have decided to slow down the foreclosure process so that homeowners have more time to work with their lender. These are known as foreclosure moratoriums.
You need to select your state below to find what types of mortgage and foreclosure help is offered by your local or state government. Also, numerous banks are providing mortgage assistance, labor union members can get help, and Countrywide is offering some homeowners free mortgage modifications as the result of a lawsuit.
Arizona
California
Connecticut
Florida
Illinois
Indiana
Maryland
Massachusetts
Michigan
Minnesota
New Jersey
New York
Ohio
Pennsylvania
South Carolina
Texas
Virginia
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