One of the leading government agencies that provide assistance to homeowners is the Delaware Mortgage Fraud Task. They work with and help coordinate services across the state and ensure that families are treated fairly and their legal rights are ensured. Several programs are available, as shown below. This means that many organizations offer these programs together. The Task Force also collaborates with other agencies such as the Office of the State Bank Commissioner and the Delaware State Housing Authority. The goal is to reduce the number of homes being foreclosed on.
The task force is working on a lot of different projects. The Making Home Affordable modification and refinance program is one way to help people who are struggling to make their mortgage payments. The program offers a way to modify the terms of your mortgage loan in order to make your payments more affordable, or to refinance your loan into a new one with more favorable terms. This can help reduce the amount of the borrowers home loan payment by modifying their loan. This will make the monthly payments more affordable.
The Rural Development Home Loans may offer payment subsidies, arrangements to pay the amount past due over a period of time, and a moratorium on payments as well.
The task force is working on stopping Foreclosure Scams. This is always a focus for us. In general, foreclosure scams involve thieves or predatory lenders who try to take advantage of homeowners who are facing foreclosure. Some scammers will specifically target seniors or people who are desperate for help. Residents in these cases may be offered legal aid and other support.
Different types of scams can target anyone. Some people may try to take advantage of people who are facing foreclosure by pretending to be experts who can help. These people may charge a lot of money for their services, but they may not actually be able to help the person facing foreclosure. It’s important to be careful when working with someone who claims to be able to help with a foreclosure, and to make sure that you are working with a reputable person before paying any money. Some companies will say they can help you keep your home or stop a foreclosure from happening. This means that they will charge you for their services or require you to pay for them in advance. The scam artist will take the Delaware homeowner’s money but will not help them in any way.
The Task Force is also involved with the Act that provides services to modify mortgages for people in Delaware. The Attorney General in Delaware is responsible for investigating mortgage loan modification providers, issuing licenses, and enforcing other aspects. The state regulates this practice to ensure consumers are treated fairly and honestly.
In Delaware, the foreclosure process does not happen immediately and it can take some time. Homeowners who have failed to make a mortgage payment are given up to 9 months to take action by laws, rules, and the court process. Homeowners have a window of time to take corrective action to avoid foreclosure. The Delaware Mortgage Fraud Task Force is a group of government agencies that work together to make sure that people’s rights are upheld.
Acting sooner rather than later is generally better. If they wait too long, it will be less likely that they will be able to get help with their problem. The State of Delaware has set aside a number of resources to help residents through the process.
The Homeowners Relief Act and Task Force provides support for people who need help with their housing. This includes counseling services to help them figure out what to do and how to improve their situation. The state has information on non-profit housing counselors who can help and support homeowners who are struggling to keep up with their mortgage payments. They can educate homeowners and provide counseling, along with the task force.
If you are struggling to make your mortgage payments, you might be eligible for the Foreclosure Mediation Program, which could help you keep your home. The state created this organization to connect homeowners with housing counseling and ensure they are treated fairly. Residents will have a chance to go to a free mediation session before the local or state Court makes a foreclosure judgment. The task force program helps homeowners work with their bank, counselors, and lenders.
For more information on the task force, the state’s foreclosure prevention hotline, and other assistance, call 1-800-220-5424.