Hardest Hit Housing Markets

BEFORE you decide to move from your home due to un-employment, under- employment or you now owe more than your house is worth check out this web site and see if there is help available to you.  If you are having trouble paying your mortgage there may be help available to you.  The US Dept. of Treasury & Housing and Urban Development has a great resource website for those in need of help with their mortgage. Visit for more information:  http://www.makinghomeaffordable.gov/programs/unemployed-help/Pages/hhf.aspx

Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (HHF)

Early in 2010, Treasury announced that the Hardest Hit Fund^® would provide more than $7.6 billion in aid for homeowners in states hit hardest by the economic crisis. Since then, state housing finance agencies have used the fund to develop programs that stabilize local housing markets and help families avoid foreclosure. Hardest Hit Fund programs complement the Making Home Affordable Program but are not limited to homeowners eligible for Making Home Affordable.

Hardest Hit Fund programs vary state to state, but may include:

• Mortgage payment assistance for unemployed or underemployed homeowners
• Principal reduction to help homeowners get into more affordable mortgages
• Funding to eliminate homeowners' second lien loans
• Help for homeowners who are transitioning out of their homes and into more affordable places of residence.

In total, $7.6 billion have been allocated to 18 states plus the District of Columbia. If you live in one of these states or DC, contact your housing finance agency's program office:

Alabama Arizona California Florida Georgia Illinois Indiana Kentucky Michigan Mississippi

Nevada New Jersey North Carolina Ohio Oregon Rhode Island South Carolina Tennessee Washington D.C.

 

For more information, visit Treasury's Hardest Hit Fund page or contact your state housing finance agency.

If after checking into all your options and feel you will need to sell or offer your home as a short sale please call me to assist you.  317-694-9745

Avon, Brownsburg, Camby, Coatesville, Danville, Fishers, Fortville, Greenfield, Greenwood, Indianapolis, Lapel, Lebanon, Martinsville, McCordsville, New Palestine, Noblesville, Pendleton, Plainfield, Speedway, Westfield or Zionsville

Michelle Honeycutt