The US Treasury administers the Hardest Hit Fund (HHF), which provides aid to the states that were most impacted by the economic crisis.
Each of these states have local agencies that help homeowners in various ways, including mortgage payment assistance for the unemployed, principal reduction, and transactional assistance. This helps people either afford the homes they’re in, or move to more affordable housing.
There are 18 states with Hardest Hit Funds, and homeowners in these states may be eligible for aid even if they don’t qualify for other programs like Making Home Affordable. Credit.org can help you find out if a Hardest Hit Fund has been established that can help you, and point you to the proper local agency. Call today to talk about your mortgage situation and create a customized plan of action designed just for you.