Foreclosure Strategies
May 10 2018
The best way to deal with a foreclosure is to take aggressive legal action when the foreclosure laws... [Read More...]
December 15, 2021 By
The Homeowners Assistance Fund will allow homeowners in New York State to receive financial aid regarding foreclosures on mobile homes, single family homes and elderly homeowners who have taken out reverse mortgages will also qualify for assistance. The Homeowners Assistance money was part of the $1.9 trillion dollar law enacted by Congress and the Biden administration to keep Americans “experiencing hardships associated with the pandemic” in their homes. The money is being allocated to both states, Native American tribes and United States territories.
The Homeowners Assistance Fund is separate from the $47 billion dollars that the United States government is giving to states to provide funds for rental assistance to tenants facing eviction. These funds are also included in the American Rescue Plan. An internet portal will eventually be set up. Homeowners will be able to file applications for assistance through the portal. This is a unique opportunity for homeowners either in foreclosure or facing foreclosure to use federal funds to deal with these issues.