The city of Seattle has teamed up with two different non-profit agencies to offer a foreclosure prevention program. The program is administered by the Urban League of Metropolitan Seattle and Solid Ground. Other agencies that are certified by HUD can also help homeowners in the Seattle, Washington area. Different types of assistance, such as loans and free counseling, are available. You can find more information about the event in the link below. The event’s website has more information.
The Foreclosure Prevention Program was created by the Office of Housing in Seattle in 2008. The goal of the program was to help homeowners work out repayment plans with their bank or lender and avoid a default on their home loan, in order to help families and individuals stay in their homes. If a homeowner is too far behind on their mortgage payments, or if they can’t realistically save their home, the prevention program will help them gain enough time to sell their homes on their own terms. The program may also be able to help them move and find a new home or apartment.
What does Seattle foreclosure prevention program do
If you are facing foreclosure in Seattle, you may be able to get free help from a mortgage counselor and even some financial support. A counselor can help you talk to your bank or lender and arrange a loan of up to $5,000 to help stabilize your home. In today’s housing market, it is important to get help from a professional when negotiating repayment plans with your lender.