What kind of help is available for homeowners facing foreclosure?

In Pennsylvania, homeowners facing foreclosure have several options available to them. First, they can seek legal help from a lawyer experienced in foreclosure defense law. These attorneys can help negotiate with lenders on a homeowner’s behalf and work to create a payment plan or other solution that can prevent foreclosure. Additionally, homeowners can contact the Pennsylvania Housing Finance Agency for guidance. This agency offers resources such as foreclosure prevention counseling and loan modifications, and can provide qualified homeowners with up to $60,000 in emergency funds to help stop foreclosure. Lastly, homeowners may be able to take advantage of federal programs such as the Home Affordable Modification Program and the Home Affordable Refinance Program. These programs provide financial assistance to qualified homeowners, allowing them to refinance or modify their mortgages to make them more manageable. By taking advantage of the resources available, homeowners in Pennsylvania facing foreclosure can work to stay in their homes. With the help of a knowledgeable attorney, the Pennsylvania Housing Finance Agency, and federal programs, homeowners may be able to prevent foreclosure and keep their homes.

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