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Are there resources that might help struggling homeowners avoid foreclosure? Print Share

Monday, March 30, 2009

Are there resources that might help struggling homeowners prevent foreclosure?

There are resources available to help you if you are experiencing difficulty paying your mortgage and are afraid you might lose your home.  Not everyone will qualify, but the following websites provide information might be helpful you and your family.

New Mexico Mortgage Finance Authority
Making Home Affordable (Obama Administration)
Federal HopeNow Program

You can learn more about how the housing market affects our overall economic downturn and how economic recovery legislation is affecting New Mexico.  Many of these initiatives are made possible by the American Recovery and Reinvestment Act (ARRA), which has made federal funding available for many different programs and agencies.  You can read more about ARRA and get information on how to apply for that funding on the New Mexico delegation’s Integrated Recovery Guide.