Warm Southern Breeze

"… there is no such thing as nothing."

Unemployed? Mortgage Trouble? Facing Foreclosure? Live in Alabama?

Posted by Warm Southern Breeze on Wednesday, February 2, 2011

Help is HERE!

If you are an unemployed Alabamian, down on your luck – and in this economy, who’s NOT?!? – and are facing the possible disaster of losing your family’s home… becoming homeless, THERE IS HELP AVAILABLE, right now!

Click on this link for additional details, and to apply for help: “Hardest Hit Alabama.”

FYI, that is a SECURE website. That is, the https protocol is used. (The reader should be aware that there are other links within this entry, most of which are informational. The “Hardest Hit Alabama” link, however, is directly to that site: https://www.hardesthitalabama.com/index-static.html.

Here’s a brief primer from the site on the foreclosure prevention program.

Do I Qualify for Hardest Hit Alabama?

You may qualify if:

  • you are elibible to receive Unemployment Compensation Benefits
  • your total household income is less than $75,740 at time of application
  • you owe no more than $258,690 on your home’s mortgage

What is Hardest Hit Alabama?

Hardest Hit Alabama (HHA), a foreclosure prevention program, is now available for homeowners struggling to pay their mortgage payments due to job loss.

Approximately $162 million was allocated to provide assistance targeted at Alabama’s unemployed homeowners. The U.S. Department of Treasury‘s “Hardest Hit Fund” is authorized under the Emergency Economic Stabilization Act of 2008 and is available in 18 states and the District of Columbia.

Eligible homeowners will receive assistance to pay their current mortgage payment and all other mortgage-related expenses, including payments on any subordinate liens, while unemployed. HHA will provide up to 12 monthly mortgage payments, or $15,000, per household.

Alabama homeowners who have been declared eligible by the Alabama Department of Industrial Relations to receive state unemployment compensation benefits may apply. To qualify, applicants must have a total annual household income of less than $75,740, and the unpaid principal balance on their home’s mortgages must be less than $258,690.

The homeowner must currently occupy the property as their primary residence, and the home must be located in Alabama. Assistance will be available for single-family homes, attached or detached, and manufactured housing attached to real property.

HHA will be available statewide to qualified homeowners on a first-come, first-served basis.

Visit the Treasury’s website to learn more about the Hardest Hit Funds.

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