The Minnesota Home Ownership Center, located at 1000 Payne Avenue, Suite 200, St. Paul, MN 55130, (phone number 651 659-9336) has started a new program that will provide help to families who have gone through a foreclosure. The new program will help these families to become homeowners again. The grants can be used for moving expenses after the foreclosure process has ended. The only money that people can get after foreclosure comes from the lenders themselves. This money is given to help with moving expenses, but people who are foreclosed have to agree to move out within the lenders’ time frame.
The most money offered to a family or individual will be $2,500. Only those people who owned a home in Dakota, Ramsey or Washington Counties are restricted to the new pilot program. The program could be expanded to cover a larger area if needed and if funding is available.
The cash grants are intended to help people who have experienced a foreclosure and who need some financial assistance until they are able to support themselves again, according to a spokesperson from the Minnesota Home Ownership Center. If you are able to, donating money to people who have lost their homes can be a very helpful way of supporting them during a difficult time.
The money can be used for different purposes. The grant could go to help cover things like security deposits, utility bills, first months rent in a new home, moving expenses, and more.
The main purpose of the grants is to stop families from becoming homeless by paying for their rent and moving costs.
There are some conditions that must be met to be eligible. Applicants need to show that they can afford the rent for their new housing. This is just one of the criteria that applicants must meet in order to receive the grant.
Foreclosure prevention services from Minnesota Home Ownership Center
The center offers free foreclosure counseling and prevention programs in addition to cash grants for relocation expenses. The counselors will work with borrowers who are behind on their payments in order to keep them in their homes. This is the best possible outcome for the borrower. The Home Ownership Center would prefer to keep a family in their home rather than have them relocate.
This means that families can get information about resources that can help them. There is a lot of help available if you are struggling to make your mortgage payments. You can get help with loan modifications, and there are government programs that can assist you, such as the Hardest Hit Fund. There are also people who can help you negotiate and mediate a solution with your bank or lender. Call the center to get a list of services and programs offered to people who need help.
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