Are there any government programs available to help me prevent foreclosure?

Yes, there are government programs available to help you in Pennsylvania to prevent foreclosure. The U.S. Department of Housing and Urban Development (HUD) offers the Home Affordable Modification Program (HAMP) which helps homeowners who have obtained mortgages prior to 2009 and are facing financial hardship. It allows homeowners to lower their monthly mortgage payments and provides lenders with an incentive to modify loans. The Pennsylvania Housing Finance Agency (PHFA) also provides resources to help homeowners who are in danger of foreclosure. Their Homeowner’s Emergency Mortgage Assistance Program (HEMAP) is designed to help Pennsylvania homeowners who are facing foreclosure due to unemployment, underemployment, medical costs, and other financial hardships. This program is for those who have exhausted all other options, such as HUD and HAMP. The Pennsylvania Foreclosure Prevention Task Force is another resource. This organization provides information about foreclosure prevention, as well as other resources and programs to help those who are struggling to pay their mortgages. Additionally, many local banks and credit unions offer loan modification programs, such as the mortgage assistance program (MAP)—which helps homeowners struggling to make their mortgage payments. The Federal Trade Commission also has a tool, called My Home, to help you review your options and find out if you’re eligible for assistance. It’s important to research your options and take advantage of any help available to you in order to prevent foreclosure. With the right resources, you can create a plan to manage your finances and save your home.

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Are there any government programs available to help me prevent foreclosure?

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