Foreclosure & Homebuyer Programs

Foreclosure & Homebuyer Programs

How We Can Help...

 

Foreclosure Assistance

The Foreclosure Services Program utilizes our Financial Coach to assist eligible homeowners who have delinquent mortgages and/or property taxes by helping them to understand the Michigan foreclosure process and to apply for state and local government programs, such as Step Forward Michigan (see video below), HAMP, and other programs. The Financial Coach will also work with servicers and lenders to come up with loan modifications and other in-house options for delinquent mortgages.

Download the Foreclosure Assistance Intake Packet to get started.                                                                                                                                              

Thank you very much for everything. I am now able to stay in my home thanks to you and your help in these hard times.

 

Financial Capability Program

The Financial Capability Program teaches participants about necessary financial information, such as budgeting, recovering from debt, banking, credit scoring, consumer protection and much more. After completing all of the educational sessions, participants will be able to utilize the information provided to repair any credit or bad debt issues, maintain a positive outlook on their financial situation and work to understand the importance of living within a set budget.

NEMCSA offers our Financial Capability classes at various locations across our 11 county service area. If you'd like to register for a class you can contact our Financial Sustainability Coordinator or call her at 989-358-4627.

Homebuyer Education

The Homebuyer Education Program assists individuals and families who are interested in becoming homeowners or those already in the process of purchasing a home. Participants will obtain a better understanding of types of mortgages, terms of loans, and the homebuying process as well as what it means financially to be a homeowner.

After the initial homebuyer class, participants are offered the opportunity to meet one-on-one with our Financial Coach. This meeting is tailored to discuss the needs of the individual/family on their path to homeownership, including a credit report review and discussing any issues, covering ways to reduce debt, amend credit scores, improve debt-to-income ratios and finally, creating an action plan to eliminate barriers to homeownership.

 

NEMCSA is now offering online Homebuyer Education and Financial Capability Classes. NEMCSA has partnered with eHome America to offer online classes so that we are better able to serve our clients. You can access the online classes by clicking HERE. The fee for the online homebuyer education class is $99, however if you contact us before registering online, we will be able to offer you a coupon code to reduce the price of the course.