Homeowners in Johnston County have a new option in the fight to hold on to their homes. The North Carolina Attorney General’s initiative under the National Mortgage Settlement offers help for borrowers who are facing foreclosure.
The agency is one of 47 that will share $13 million in settlement funds. This strengthens their ability to offer free help to home buyers and owners, especially those facing foreclosure. The funding awards are managed by the N.C. Housing Finance Agency. Johnston-Lee-Harnett Community Action, Inc., serves Johnston, Lee, and Harnett counties, according to E. Marie Watson, Executive Director.
Johnston-Lee-Harnett Community Action offers guidance to borrowers who may be eligible for financial payments under the National Mortgage Settlement, helps homeowners work with services to seek loan modifications and counsels them on their options to avoid foreclosure, according to Watson.
This organization can also help eligible homeowners who have lost their jobs apply for loans from the N.C. Prevention Fund. Loans allow borrowers to make mortgage payments while they look for work or train for new employment. The N.C. Housing Finance Agency offers these zero-interest loans using funds from the U.S. Treasury. And, the loans are considered satisfied after the homeowner has continued to live in their home for 10 years.
Watson also offers helpful tips for homeowners who are facing foreclosure:
For more information or to make an appointment with a counselor, visit the Johnston-Lee-Harnett Community Action office, 1102 Massey Street, Smithfield, or call 919-934-2145.