Grant To Help Homeowners Facing Foreclosure

PRESS RELEASE

OXFORD, Miss: North Mississippi Rural Legal Services (NMRLS) has been awarded a grant that will enable the foreclosure department to provide foreclosure prevention counseling services to homeowners in north Mississippi.

The grant, awarded through the Bank of America settlement, has enabled the agency to pay for foreclosure prevention counseling services for the more than low income homeowners in north Mississippi. The assistance is available to north Mississippians through the foreclosure prevention department at NMRLS, and is provided to homeowners at no cost.

North Mississippi Rural Legal Services (NMRLS) will partner with several local community agencies to sponsor the free legal workshops, to begin in mid-February, across north Mississippi to help low-income citizens resolve loan defaults and better understand their mortgages. NMRLS will provide the free legal assistance to those whose annual income is at or less than 200 percent of the federal poverty level.

Eligible homeowners can lower their monthly mortgage payments and get into more stable loans at today’s low rates. And for those homeowners for whom ownership is no longer affordable or desirable, the program can provide a way out which avoids foreclosure. Additionally, in an effort to be responsive to the needs of today’s homeowners, there are also options for unemployed homeowners and homeowners who owe more than their homes are worth.

North Mississippi Rural Legal Services has a toll free hotline for Mississippi homeowners and it will provide information about the Making Home Affordable program as well as other valuable information. Callers will be assisted in completing the steps necessary to receive help through the program. Through the hotline, homeowners will receive free legal counsel, advice and representation. For more information or to apply call NMRLS toll free HOTLINE at 1-800-498-1804.