I, J. Money, only claim the thoughts from my head. I am NOT a professional finance'er, banker, CPA, or anything of that sort. Please seek a professional for any "real" advice. For more info, please check out my disclosure page. That is all - enjoy!

    Wednesday, May 7, 2008

    Mortgage Late? Don't Wait!

    maryland hope"You Have Options. We Can Help."

    WOWWW, something in the mail that's actually NOT spam! haha... And not only that, but something that can potentially help people KEEP THEIR HOMES!

    I applaud you Maryland, that is very impressive.

    A state stepping up to help out those stuck in all this sub-prime mortgage mess ... you don't see that every day ;)

    The flyer is sponsored by Maryland Hope (a division of The Maryland Department of Housing and Community Development) and shows their call to action on the front "Act NOW! Before It's Too Late!", along w/ their toll-free Hotline and website. Then, on the back, it shows some of the services they offer:
    • Free nonprofit counseling in your community
    • Financial resources that can save your home from foreclosure.
    • Help with non-responsive loan servicers.
    • Mortgage fraud investigation
    Not bad, right? And even if you DO end up chucking it, *hopefully* it will at least get you to stop and think about it. Whether you need the help, or not, though, I commend Maryland for giving it a shot. I personally had nooooooooooooo idea something like this existed, and had i been in trouble? Oh you better believe i'd be all over that website ;)

    For more information on Maryland Hope, call their Hotline @ 1-877-462-7555 or visit their website: http://www.mdhope.org/

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    2 Comments:

    Anonymous Anonymous said...

    Problem is, whenever someone calls the hotline, they're told to call a counseling agency cause they might be able to get into the Bridge to Hope loan program, which does offer financial assistance. However, hardly anyone qualifies for this loan!

    May 7, 2008 12:54 PM  
    Blogger Jerry said...

    That is nice to see. Home ownership is serious and so many people who didn't have any business buying a home yet are now in a huge mess. I wish they had some sort of insurance to help them out of the mess but unfortunately it doesn't exist. I hope this program leads to some changes for these borrowers.

    Jerry
    www.leads4insurance.com

    July 11, 2008 2:17 AM  

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