Archive for Mortgage

Facing Foreclosure?

The following is information from The North Carolina Housing Finance Agency and the State of North Carolina Commissioner of Banks

Facing Foreclosure? North Carolina has FREE resources to help you.

The NC Housing Finance Agency administers the Home Protection Program that may be able to provide a bridge loan if you have lost your job due to changes in the economy. Participating counseling agencies will help determine if you are eligible for assistance, help you apply, and may be able to secure a stay-of-foreclosure while your application is being reviewed.

The Agency also supports local counseling agencies that can help whatever the reason for foreclosure. They can work with your mortgage company at no cost on a possible repayment plan or loan modification.

The Office of the Commissioner of Banks reviews sub-prime loans that closed in 2005, 2006 and 2007. They connect homeowners facing foreclosure with local counselors that may be able to help you renegotiate the terms of your loan or get legal assistance.

Don’t delay – take the first step today.  Contact one of the participating counseling organizations listed (below). Find details at http://www.ncforeclosurehelp.org  Contact the Office of the Commissioner of Banks consumer hotline at 888-384-3811

You don’t have to lose your home. A certified counseling agency can help you save your most important asset and get your finances back on track.

If you’re having trouble paying your mortgage:

Talk with your mortgage company. When homes go into foreclosure, mortgage companies lose money. They can sometimes offer ways to help you.      Contact a counseling agency. A counselor can explain the law and your options, and help you review your budget. A list of counseling organizations that can assist you at no cost is shown (below).     Open all mail from your mortgage company.  The notices may offer good information to help you avoid foreclosure, or may notify you of pending legal action.   Avoid companies that offer help for a fee. You don’t need to pay for help.     Beware of scams. If someone claims they can stop your foreclosure immediately if you sign a document appointing them to act on your behalf, you may be signing over the title to your property.    Contact the Office of the Commissioner of Banks if you believe you have been the victim of predatory lending.

NORTH CAROLINA COUNSELING AGENCIES  The following counseling agencies provide assistance at no cost to North Carolina homeowners who are facing foreclosure.

Eastern Region

Blue Spring-Hoke County Community Development Corp.    910-904-0312    Serves Hoke, Robeson, & Scotland Counties.

Choanoke Area Development Association    252-539-4155    Serves Bertie, Halifax, Hertford, Hyde, Northampton, Tyrell, & Washington Counties.

Cumberland Community Action Programs, Inc.,   and  Consumer Credit Counseling Services of Fayatteville    910-323-3192    Serves Beaufort, Bladen, Brunswick, Carteret, Chatham, Columbus, Craven, Cumberland, Duplin, Greene, Harnett, Hoke, Hyde, Johnston, Jones, Lee, Lenoir, Martin, Montgomery, Moore, New Hanover, Onslow, Pamlico, Pender, Pitt, Richmond, Robeson, Rockingham, Sampson, Scotland, Wayne & Wilson Counties. 

Kingdom Community Development Corporation    910-484-2722    Serves Bladen, Cumberland, Harnett, Hoke, Lee, Robeson & Sampson Counties.

Northeastern Community Development Corporation    252-338-5466    Serves Camden, Chowan, Currituck, Dare, Gates, Pasquotank & Perquimans Counties

River City Community Development Corporation    252-331-2925    Serves Camden, Chowan, Gates, Pasquotank & Perquimans Counties. 

Rocky Mount-Edgecombe Community Development Corporation    252-442-5178    Serves Edgecombe & Nash Counties

Twin Rivers Opportunities, Inc.    252-637-3599    Serves Carteret, Craven, Jones & Pamlico Counties.

Wilmington AME Zion Housing Development Corporation    910-815-3826    Serves Brunswick, Columbus, New Hanover & Pender Counties.

Wilson Community Improvement Association    252-243-4855    Serves Wilson County.

 

 

Central Region

Alliance Credit Counseling, Inc.     704-943-0391       Serves Anson, Cabarrus, Gaston, Mecklenburg & Union Counties.

Consumer Credit Counseling Services of Durham   919-688-3381     Serves Durham County.

Consumer Credit Counseling Services of Forsyth County     336-896-1191    Serves Alleghany, Ashe, Davie, Forsyth, Iredell, Stokes, Surry, & Yadkin Counties.

Consumer Credit Counseling Services of Gaston County    704-864-7704    Serves Cleveland, Gaston & Lincoln Counties.

Consumer Credit Counseling Services of Greater Greensboro    336-373-8882   Serves Alamance, Caswell, Davidson, Guilford, Randolph, Rockingham, & Rowan Counties.

Davidson Community Action, Inc.    336-249-0234    Serves Ashe, Davidson, Forsyth, Rowan, & Yadkin Counties.

Durham Affordable Housing Coalition    919-683-1185    Serves Durham County.

Durham Regional Community Development Group    919-688-3381    Serves Durham, Granville, & Orange Counties

Franklin-Vance-Warren Opportunity Inc    252-492-0161    Serves Franklin, Granville, Person, Vance & Warren Counties.

Housing Authority of the City of High Point    336-878-2300    Serves Guilford County

Monroe/Union County CDC    704-283-8804    Serves Union County

Prosperity Unlimited    704-933-7405    Serves Cabarrus, Iredell, Mecklenburg, Rowan & Stanly Counties.

Salisbury Community Development Corporation    704-638-2154    Serves Davidson, Iredell & Rowan Counties.

Sandhills Community Action Program, Inc.    910-947-5675    Serves Anson, Montgomery, Moore, Richmond & Scotland Counties.

Triangle Family Services    919-821-0790 / 800-283-6904    Serves Chatham, Durham, Johnston, Orange, & Wake Counties.

United Family Services    704-332-9034    Serves Cabarrus, Mecklenburg and Union Counties

Western Region

Cleveland County Community Development Center    704-480-7701    Serves Cleveland County.

Consumer Credit Counseling Services of the Carolina Foothills    828-286-7062    Serves Polk and Rutherford Counties.

Northwestern Regional Housing Authority    828-264-6683    Serves Alleghany, Ashe, Avery, Mitchell, Watauga, Wilkes, & Yancey Counties.

Olive Hill Community-Economic Development Corporation    828-439-8893    Serves Burke, Caldwell, Catawba, and McDowell Counties.

On Track Financial Education & Counseling Services    828-255-5166 / 800-737-5485    Serves Ashe, Avery, Buncombe, Cherokee, Clay, Graham, Haywood, Henderson, Jackson, Macon, Madison, McDowell, Mitchell, Polk, Swain, Transylvania, Watauga & Yancey Counties.

Western Piedmont Council of Governments    828-322-9191    Serves Alexander, Burke, Caldwell & Catawba Counties.

Click link below for more foreclosure help…

http://dawnjudge.wordpress.com/2008/10/19/foreclosure-fe…of-foreclosureforeclosure-fears-things-you-should-know-before-getting-a-mortgage-loan-and-if-you-are-in-fear-of-foreclosure/

 Dawn Judge is a North Carolina Real Estate Broker with Century21 Hecht Realty in Mooresville, NC. 704-929-2261  djudge@c21hecht.com

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Foreclosure Fears? Knowledge is Power!

If you are in fear of foreclosing on your home or if you intend on obtaining a mortgage loan to purchase a home, please check out the information in all of these links. The National Association of Realtors has some helpful information and resources… http://www.realtor.org/subprime_lending.nsf/docfiles/Foreclosure%20Brochure%20Text-Only%202007.pdf/$FILE/Foreclosure%20Brochure%20Text-Only%202007.pdf

read another blog to help you avoid foreclosure and who to contact for help by clicking the link below…

http://dawnjudge.wordpress.com/2008/12/20/facing-foreclosurefacing-foreclosure/   

UPDATE: I heard on Good Morning America (2/24/09) that a good delay tactic is to ask the bank for the original note. They have so many that it could take months before they find yours, which might be enough time for you to get back on your feet.

Dawn Judge is a member of NAR and a real estate agent with Century21 Hecht Realty in Mooresville, NC. Please call me with questions 704-929-2261

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