Where To Turn For Help
There is a great deal of media coverage on the new housing plan by President Obama. While it is still not clear what the plan means for individual homeowners - the banks will have the plan by the first week in March.
If you think you are a potential candidate for Tarp Funds assistance your best bet right now is to contact your mortgage company. That is always the wisest course in any event.
Keep communication open to keep all of your options open. There is absolutely nothing that is going to be done for you unless you reach out and keep the communication channels open.
Habitat For Humanity
Most people think Habitat For Humanity gives homes to the homeless.
Although the mission of the program is to eliminate homelessness and poverty housing the program requires the homeowner (partner) to pay a mortgage and invest 100s of hours of labor.
Habitat For Humanity has built homes for over 1.5 Million people all over the world. The housing is built by the community, volunteers and the partner homeowner.
Habitat For Humanity provides an almost unknown mortgage service for existing homeowners. They don't just build new homes but they may help homeowners with their existing mortgage.
You can find specific income requirements and more information from the Habitat For Humanity website. Please review the site to get as many of your questions answered as possible before contacting your local office.
The following is taken directly from www.habitat.org:
How are the partner families selected?
Families in need of decent shelter apply to local Habitat affiliates. The affiliate’s family selection committee chooses homeowners based on their level of need, their willingness to become partners in the program and their ability to repay the loan. Every affiliate follows a nondiscriminatory policy of family selection. Neither race nor religion is a factor in choosing the families who receive Habitat houses.
If your family, or a family you know, is in need of decent, affordable housing, contact the Habitat affiliate nearest you. If you’re not sure where a local Habitat affiliate might be, use our search engine to find the names and phone numbers of affiliates in your area, or contact the Habitat Help Line at (800) 422-4828. Your local affiliate can give you information on the availability, size, costs and sweat-equity requirements for Habitat houses in your area, as well as information on the application process.
You don't have to wait to find out if you qualify for support through the new Tarp funds program. There are programs right now helping Americans stay or get into a home.
I will continue to update this hub as I find more resources or get updates from the resources I have listed here. With over 5 Million homeowners at imminent risk of foreclosure I wanted to get this information out asap.
Your first step is to contact all of the resources I have listed below. Don't be discouraged if you do not qualify for assistance from one source. Each has different qualifying standards.
LOCAL HUD: 800-569-4287 (You will be prompted for your zip code and routed to your local Hud Ofice)
Red Cross: 800-787-9282
The Salvation Army: 800-725-2769
International Aid: 800-968-7490