Struggling Homeowner? US Treasury Dept may be able to help to the tune of $35K.

[Snarkoleptic]

First announced in February 2010, the Hardest Hit Fund provides $7.6 billion to the 18 hardest hit states, plus the District of Columbia, to develop locally-tailored programs to assist struggling homeowners in their communities.

It's only available in the states show on this map...
http://www.treasury.gov/initiatives/financial-stability/TARP-Programs/housing/hhf/Pages/default.aspx

The housing crisis that began in 2007 led to unprecedented home price declines and sustained and higher unemployment in certain parts of the country. Families in these areas have been particularly hard hit by this crisis as they have struggled to make their monthly mortgage payments and grappled to get out from under deeply underwater mortgages.

President Obama established the Hardest Hit Fund in February 2010 to provide targeted aid to families in states hit hard by the economic and housing market downturn. 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. From its initial announcement, this program evolved from a $1.5 billion initiative focused on HFAs in the five states with the steepest home price declines and the vast majority of underwater homeowners to a broader-based $7.6 billion initiative encompassing 18 states and the District of Columbia.

States were selected for funding either because they were struggling with unemployment rates at or above the national average or steep home price declines greater than 20 percent. Each state’s program was designed and is administered by that state’s housing finance agency (HFA).

[Snarkoleptic]

1. >>note- this is NOT an ad<<

This is a real program administered by US Department of the Treasury.
Sounds too good to be true, but it's absolutely on the up and up!

[leveymg]

2. Doesn't help in VA. Thanks, anyway

Cool tag line gifs.

[Snarkoleptic]

3. The cat is calming and the other one continues to freak me out.

I know someone in my state that just got approved for the program and it took a lot of paperwork, but is set to provide much needed relief.

I hear that Illinois won't accept applications beyond September and was shocked to see that $445 million have been disbursed in Illinois alone.

Upon approval, they pay your mortgage all the way up to date and then provide monthly assistance for the next 18-months.

[madrchsod]

6. yup..my wife and i just made the program before the cut off.

a lot depends on the area one lives in. where i live most of the programs are out of funding.

[irisblue]

4. gotta check this out thanks nt

[Snarkoleptic]

8. Glad to help!

I wish this program were better known and understood.
There are so many who could benefit but have never heard of this program.

[madrchsod]

5. just had 3 months of my mortgage paid by the hardest hit fund

there`s provisions in the bill that keep my program open for 18 more months. i had a massive heart attack and my wife was basically on fmla for 8 weeks. we qualified for food stamps,heating assistance, home insulation program,and the hardest hit fund. my wife is very good at ferreting out these programs and doing the paperwork.

[Snarkoleptic]

7. Please kick this as there may be lots of DUers who could benefit.