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Stop Alabama home foreclosure: state programs that can assist you

If you are struggling to pay your mortgage and you face foreclosure, you may be able to stop Alabama home foreclosure through state programs.

stop Alabama home foreclosure state programsIf you are struggling to pay your mortgage and you face foreclosure, you may be able to stop Alabama home foreclosure through state programs. State programs can help you save your home from foreclosure, whether you are a few months behind on your bills, or you have already received a foreclosure notice from your lender.

Alabama state programs to stop home foreclosure include the Alabama Foreclosure Prevention Collaboration, the Hope Now program and the Hardest Hit ProgramHardest Hit Alabama can help you if you lost your job and are receiving unemployment benefits. You must meet the necessary guidelines, which include a minimum amount owed on your mortgage and maximum income limits. You can apply for help even if you and your spouse are jointly named on the mortgage and only one of you is unemployed. As long as the total amount you both earn within a year falls below the maximum amount, you can still ask the organization for help with stopping the foreclosure.

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The Alabama Federation of Housing Counselors can also provide help. This organization offers various programs through approved agencies around the state. You can take courses to learn the steps that you need to take to stop the foreclosure. Human Resource Development Corporation, Organized Community Action Program and the National Urban League are just a few of the organizations that offer these classes in different communities.

Alabama state programs to stop home foreclosure offer pre-foreclosure courses that focus on the steps you can take before your lender files a foreclosure notice. The programs also offer budget counseling, which shows you how to trim your budgets to better afford your house payment. In addition to the community programs, you can receive some free or low-cost legal help for filing bankruptcy or requesting an extension on your payments. The Alabama office of the U. S. Department of Housing and Urban Development (HUD) can also help you find ways to stop your foreclosure through the Making Home Affordable (MHA) Program.

There are many ways that you can prevent a foreclosure and preserve your credit. Remember, to stop Alabama home foreclosure state programs should be one of your first considerations. The faster that you react, the better your chances are of saving your home and reducing your stress. If you need to research your home value, go to Reply! for estimates now.

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