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Michigan’s Hardest Hit Funds for future allocation. All funds remaining in the program will be returned to Treasury in accordance with the Agreement. Hardest Hit Funds will be available on a first come, first serve basis. If assistance is paid directly to tax authority or condominium association, homeowner will execute an additional,
As part of the Administration’s overall strategy for restoring stability to housing markets, HHF provides funding for state HFAs to develop locally-tailored foreclosure prevention solutions in areas that have been hard hit by home price declines and high unemployment.
28 Ιουν 2010 · Helping Hardest Hit Homeowners. On June 23rd, President Obama selected Michigan as one of 5 states chosen to participate in a new program designed to prevent foreclosures. The Helping Hardest Hit Homeowners Program consists of three options which will assist homeowners to avoid foreclosure.
What is the Michigan Hardest Hit Fund® program? Michigan’s Hardest Hit Fund program, also known as Step Forward Michigan , is a federally funded loan program designed to help eligible homeowners who are struggling with their mortgage, condo association fees, and/or property taxes to retain ownership of their
3 Αυγ 2011 · HUD's RESPA Exemption on Michigan's Hardest Hit Programs. Step Forward Portal Training (8-03-11) Additional foreclosure prevention help may also be available to homeowners. Please contact a Homeownership Counselor in your area or call 866.946.7432 to be directed to a counselor.
Homeowners can apply online at www.StepForwardMichigan.org or call 866‐946‐7432. Blight Elimination Program. The Hardest Hit Fund Blight Elimination Program was established by the MHA in 2013 to assist Michigan communities with high vacancy rates address blighted residential properties.
Hardest Hit Fund programs vary state to state, but may include the following: • 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 ...
