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Martha's story: "Martha lost her job. A single person with a bit of a nest egg, she found herself behind in her house payments. When she got another job, she could pay the current mortgage payment, but couldn’t quite catch up on the missing months. She applied to NWGF for a foreclosure prevention loan. After talking with the NWGF loan counselor, Martha was approved for a loan, which paid her missing payments and allowed her to keep her home." NeighborWorks Great Falls offers confidential foreclosure counseling at no charge and works with the National Foreclosure Prevention Hotline to provide 24-hour responses. If you or someone you know is facing foreclosure, please call the Foreclosure Prevention Hotline at 1-888-995-HOPE. In addition to the counseling help from the hotline, NeighborWorks Great Falls counselors can help you work with your mortgage lender to gain time to catch up on your mortgage payments. If you have the ability to make the payments on your home, you may be able to qualify for a foreclosure prevention loan. Loans interest rates and repayment time vary according to your needs. Send an email to get the help you need. Even if you think you can't avoid foreclosure, our counselors can help you make the best decision about selling your home or arranging a short sale or deed in lieu of foreclosure with your lender. These actions will keep a foreclosure action off your credit record. More than 800 Montana families will lose their homes to foreclosure this year – help is available – please make the call. FORECLOSURE PREVENTION: If you are having trouble keeping up with your loan payments, call us for foreclosure prevention counseling. Our counselors are trained to help you work with your lender to make changes in your loan to get it back on track. Sometimes the best advice our counselors give is to help you sell you home, capture your equity and start over with a new home, but without a foreclosure on your credit record. If you have the ability to make payments on both your current mortgage and on a foreclosure prevention loan, you may be able to qualify for a foreclosure prevention loan. Depending on income, interest rates on loans may be as loan as zero percent. For an application, contact NeighborWorks Montana at 1-866-587-2244 or send us an e-mail. |