When you are unemployed, a major stressor is the constant worry of how to pay the bills. Arrangements can sometimes be made for late or missed payments with understanding creditors. Most creditors want their money, however, and aren't always sympathetic. For those who need help, there are rent and mortgage assistance programs to help ease the burden. To participate, you must meet certain eligibility requirements. These vary depending on the program.
Federal Assistance
The federal government is providing billions of dollars in housing and rent assistance resulting from the Federal Stimulus Program, according to Need Help Paying Bills. These funds are geared toward helping individuals from ending up on the street while searching for employment. Programs include the Housing Urban Development Rental Voucher Program, USDA Rural Development Program and the Veteran's Affairs Supportive Housing Program. The federal government currently has the Hope for Homeowners program through the Federal Housing Authority to help needy families pay or refinance their mortgages.
Local Charities
Charitable organizations such as Social Services, American Red Cross, the Salvation Army and the Legal Aid society can help with rent payments as well as paying security deposits. They require verification of unemployment and assets to determine if you meet the eligibility requirements. Eligibility varies depending on the program. There are many to choose from. Some provide a one-time service and others will assist for longer periods.
Local Churches
Catholic Charities and many local churches typically offer one-time assistance paying rent, mortgage, heating and other utility bills. They will pay most or all of your bill for one payment only. Contact local churches in your area to find out what eligibility requirements you must meet for assistance.
Eviction Assistance
If you qualify for low or moderate income help, you can get assistance to prevent eviction from several sources. The federal government funds Legal Services Corporation to provide eviction protection for low-income individuals and families. Local charities and churches sometimes have eviction and foreclosure programs to keep you from becoming homeless.
Help From BOA
Bank of America offers the Home Affordable Foreclosure Alternative Program. If you're struggling to make monthly mortgage payments, this program helps settle your mortgage debt without going through foreclosure, according to Home Loan Help. The goal, if you qualify, is to reduce monthly payments to a more affordable amount. If you don't meet the qualifications for payment reduction, the program can help sell your property by doing a short sale, a sale in which the proceeds fall short of the home's balance owed.
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