Federal Government Programs to Prevent Foreclosure

Feb 1, 2012 by

With many Guild members laid off and looking for work, we saw this information and thought that it might be  of assistance to some.  We’d also like to remind our members of the wonderful people who work at the United Way (who provided this info, btw) and who are tasked with providing assistance to union families.  Roz Sherman Voellinger and Marcia Cline do amazing things for those in need and they do it with a great deal of empathy and discretion.  Their office is located at 910 North 11th Street (behind the P-D) and you can reach them at 314-539-4193.
Programs to Help Unemployed and Underemployed People –Up to 12 Months Forbearance (Putting off Current Mortgage Payments) and/or HAMP Loan Modifications to Prevent Foreclosure
There are programs that can help many homeowners prevent foreclosure.   The 12 month forbearance program can enable households where one or more people are unemployed to postpone parts or all of 12 months of mortgage payments to prevent foreclosure. A non profit loan counselor, see below on contacting them, or your bank/servicer will know which of the below kind of mortgage you have if you don’t know.
–Mortgages under the US Treasury’s HAMP Program allow 12 month forbearance for unemployed homeowners either currently receiving Unemployment Insurance or have gotten it in the past 6 months. To qualify for their program, you also can’t owe more than 12 months on your mortgage payments. This program is called HAMP UP forbearance.
–Mortgages that are FHA insured allow12 month forbearance to any unemployed homeowner (and potentially to underemployed homeowners too).
–Mortgages under Fannie Mae allow 6 months forbearance processed by your bank/servicer and then an additional 6 months that Fannie Mae can approve.
–Mortgages under Freddie Mac allow 6 months forbearance processed by your bank/servicer and then an additional 6 months that Fannie Mae can approve.
–HAMP Loan Modifications can enable employed homeowners to get a revised mortgage loan at a lower, more affordable monthly payment.

**Your bank/mortgage servicer must process your request for forbearance or for HAMP loan modifications either or both of these programs.
***To get assistance from a non profit organization that assists homeowners with applying to banks/servicers for forbearance for unemployed homeowners or HAMP loan modifications, find the groups for your state at:  www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm

or by calling (800) 5694287.
A non profit loan counselor will know which of the above kind of mortgage you have if you don’t.  The non-profit organizations in the St. Louis metro area in MO/IL:

MISSOURI BETTER FAMILY LIFE, INC.
Phone: 314-367-1843  Fax: 314-361-6139

E-mail:  Tturner@betterfamilylife.org Website: www.betterfamilylife.org
5535 Delmar Blvd., Suite 2100        St. Louis, Missouri 63112-3005
Financial Management/Budget Counseling – Mortgage Delinquency and Default Resolution Counseling – Pre-purchase Counseling – Pre-purchase Homebuyer Education Workshops.

 

BEYOND HOUSING
Phone: 314-533-0600

E-mail: ddombar@beyondhousing.org Website: www.asite.com
4156 Manchester Ave Saint Louis, Missouri 63110-3847
Mortgage Delinquency and Default Resolution Counseling – Non-Delinquency Post Purchase Workshops – Pre-purchase Counseling – Pre-purchase Homebuyer Education Workshops – Predatory Lending Education Workshops
Services available in English- French- Spanish
CLEARPOINT FINANCIAL SOLUTIONS, INC.
Phone: 877-877-1995 Toll-free: 877-877-1995

E-mail: customerservice2@clearpointfs.org

Website: www.clearpointcreditcounselingsolutions.org

Three Locations in St. Louis area:
1300 Hampton Ave. West Park SAINT LOUIS, Missouri 63139-3163

525 Rue St. Francois, Ste. 4 FLORISSANT, Missouri 63031-5036

#19 Fox Valley Center ARNOLD, Missouri 63010-2281
CLEARPOINT FINANCIAL SOLUTIONS, INC.
NORTH EAST COMMUNITY ACTION CORPORATION
Phone: 573-324-6622 Fax: 573-324-2361

E-mail: cpotts@necac.org Website: necac.org
16 North Court StreetP.O. Box 470 BOWLING GREEN, Missouri 63334-1534
Mortgage Delinquency and Default Resolution Counseling – Pre-purchase Counseling – Rental Housing Counseling
Services available in English and Spanish-

 

ILLINOIS:
MADISON COUNTY URBAN LEAGUE
Phone: 618-463-1906-1 Fax: 618-463-9021

E-mail: cawjan@aol.com
408 E Broadway Street PO Box 8093   Alton, Illinois 62002-2417
Mortgage Delinquency and Default Resolution Counseling – Non-Delinquency Post Purchase Workshops – Pre-purchase Counseling – Pre-purchase Homebuyer Education Workshops- Predatory Lending Education Workshops – Rental Housing Counseling.

 

CLEARPOINT FINANCIAL SOLUTIONS, INC.
Phone: 877-877-1995 Toll-free: 877-877-1995

E-mail: customerservice2@clearpointfs.org

Website: www.clearpointcreditcounselingsolutions.org
131 Lincoln Place Suite 401 Belleville, Illinois 62221-5825
Financial Management/Budget Counseling – Mortgage Delinquency and Default Resolution Counseling – Non-Delinquency Post Purchase Workshops.

 

CLEARPOINT FINANCIAL SOLUTIONS, INC.
CDBG OPERATIONS CORPORATION
Phone: 618-274-7832 Fax: 618-274-7801

E-mail: dianebonner@sbcglobal.net
510 North 25th Street   East St. Louis, Illinois 62205-2339
Mortgage Delinquency and Default Resolution Counseling – Pre-purchase Counseling – Rental Housing Counseling.

 

URBAN LEAGUE OF METROPOLITAN ST. LOUIS
Phone: 618-274-1150

E-mail: LGardner@UrbanLeague-Stl.org
1401 East Broadway   East St. Louis, Illinois 62201
Fair Housing Pre-Purchase Education Workshops – Mortgage Delinquency and Default Resolution Counseling – Pre-purchase Counseling – Pre-purchase Homebuyer Education Workshops – Rental Housing Counseling

 

COMMUNITY EDUCATION SERVICES
Phone: 618-233-4119 Fax: 612-233-4611

E-mail: c.education@att.net
#2 Park Place SWANSEA, Illinois 62226-2965
Financial Management/Budget Counseling – Pre-purchase Counseling – Pre-purchase Homebuyer Education Workshops
______________________________________________________________________________
Please fill out this form and bring/mail it to your bank/servicer and/or non profit foreclosure prevention program. Tell them you want them to review and process your request to be helped by these federal programs to prevent foreclosure of your home.
I request forbearance on my mortgage based on the applicable Treasury, HUD/FHA, Fannie Mae, and/or Freddie Mac policies on forbearance and/or a HAMP loan modification:
Name                                                                                              Phone
Address


Email, if you have it:
Bank/Mortgage Company holding your mortgage

 

Hardship reasons: (list below and/or on back)
(Income Reduced due to unemployment, underemployment, cut in pay or hours, decline in business earnings, disability, divorce, death of borrower or co borrower OR Expenses Increased OR Debt increased like credit cards, home equity OR Insufficient cash reserves)

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