Emeryville, CA (BlackNews.com) — NID Housing Counseling Agency is participating in a nationwide partnership to help families struggling with their mortgage payments apply for help from the Federal government’s Making Home Affordable Program – a key part of the Obama Administration’s efforts to help families avoid foreclosure and strengthen the housing market recovery. More than one million homeowners nationwide have already benefited from the Making Home Affordable Program, but hundreds of thousands of additional families are still eligible for help. NID Housing Counseling Agency – a housing counseling agency approved by the U.S. Department of Housing and Urban Development (HUD) – is working in partnership with the U.S. Department of the Treasury, NeighborWorksÂ® America and more than 700 housing counseling agencies across the country to help homeowners complete application materials for the program free-of-charge and successfully submit them to their mortgage company.
Homeowners struggling with their mortgage payments often delay reaching out for help because they feel overwhelmed and unsure of where to turn. Many homeowners have expressed difficulties working with their mortgage company to submit the documents required to apply for help, which has postponed getting them the help they need. Unfortunately, some homeowners have paid to get help only to discover that they have become the victim of a scam.
As part of this nationwide effort to help families apply for mortgage aid, NID Housing Counseling Agency offers these tips for homeowners struggling with their monthly mortgage payments:
* Homeowners should remember that they do not need to navigate through their mortgage difficulties alone. Homeowners can always work with a HUD-approved housing counseling agency, like NID Housing Counseling Agency, free-of-charge to get help understanding their options and applying for assistance. Research shows that homeowners who work with a housing counselor are more likely to receive the assistance for which they are eligible.
* Homeowners should not delay reaching out for help if they are struggling with their mortgage payments. There are more options available today to help families avoid foreclosure than ever before. The Federal government’s Making Home Affordable Program is the first step for many families to access the help they need.
* There is never a fee to apply for help. Homeowners should beware of anyone who asks them to pay a fee for counseling services or for a mortgage modification.
To make an appointment with NID Housing Counseling Agency to get free help applying for mortgage aid, homeowners should call (877) 670-7360 to find a local office in your area. It is recommended that homeowners bring the following documents to their appointment to help their housing counselor document their monthly budget and financial hardship:
* Monthly mortgage statement
* Information about any other mortgages
* Two most recent pay stubs
* If self-employed, the most recent quarterly or year-to-date Profit and Loss Statement
* Documentation of income from all sources, such as benefits
* Two most recent bank statements
* Unemployment insurance letter, if applicable
NID Housing Counseling Agency is hosting National Housing Counseling Day, A Housing Counseling Marathon, in which LIVE HUD-Approved Housing Counselors will be available to all homeowners during the duration of the Marathon to call in to ask questions, learn about available programs, discuss your housing options and receive assistance and/or counseling from a HUD-Approved Housing Counselor
Housing Counseling Marathon
Dates: October 18-19, 2013
Time: 8AM PST – 5PM PST
The Federal government has enlisted NeighborWorks America to administer this project with HUD-approved housing counseling agencies across the country that also participate in the National Foreclosure Mitigation Counseling (NFMC) program – a program with funds appropriated by Congress to address the foreclosure crisis by increasing the availability of housing counseling for families at risk of foreclosure. For this nationwide effort, all homeowner applications will be submitted through Hope LoanPortÂ®, an internet-based document delivery portal that allows HUD-approved housing counselors to upload documents directly to participating mortgage companies so that homeowners can be effectively evaluated for assistance.
About The National Investment Division-Housing Counseling Agency (NID-HCA)
The National Investment Division-Housing Counseling Agency (NID-HCA) is a HUD approved non-profit organization with over 25 years of experience in housing counseling and community building. NID-HCA has taken a leading role in advocating for our developing policies that would effectively address the housing and community development needs of underserved communities in need of traditional resources, products and services. NID-HCA leadership through the input of our dedicated counselor network and client memberships provides substantial input to both the public and private sectors on how to implement and utilize government and private sector programs and policies to create positive change for our client based -the underserved communities of America.
The agency comments, “We are proud of the commitment of our partnerships, client -family and the commitment of our dedicated counselors to continue to dissolve barriers of the underserved as we forge forward with a deepened commitment to help build and re-build communities thru outreach efforts, education and the creation of partnerships, uniting counseling, clients and community groups that foster healthier communities.”
About The Making Home Affordable Program
The Making Home Affordable Program is a free government program administered by the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development to help families avoid foreclosure and strengthen the housing market recovery. Making Home Affordable offers options to help homeowners modify or refinance their mortgage loan to make their monthly payments more affordable, take a temporary break from their mortgage payments if they are struggling from unemployment, receive targeted principal reduction in certain circumstances, or transition out of their home through a short sale or deed-in-lieu of foreclosure. For more information, please visit www.MakingHomeAffordable.gov.
About NeighborWorks America
For 35 years, NeighborWorks America has created opportunities for people to improve their lives and strengthen their communities by providing access to homeownership and to safe and affordable rental housing. In the last five years, NeighborWorks organizations have generated more than $19.5 billion in reinvestment in these communities. NeighborWorks America is the nation’s leading trainer of community development and affordable housing professionals.