UNDERWATER WITH YOUR MORTGAGE? HERE'S HELP.
Affordable housing and creating an environment for more housing choices is going to be a big part of my campaign as we move forward. Metro Atlanta has been hit particularly hard as a result of the latest housing bubble, and many families are still struggling to hang on.
We can, and should, do more to keep families in the homes they own and neighborhoods they love.
Please see below and share with your friends and family in case this might be helpful to them.
The Georgia Department of Community Affairs just launched a new program to help homeowners who are underwater. It ends soon, so please act now to take advantage of this limited-time opportunity!
From Georgia Department of Community Affairs:
Do you owe more on your mortgage than your home is worth? A new, limited-time, federally- funded state initiative called Underwater Georgia may be able to help.
For eligible applicants, Underwater Georgia may be able to provide a one-time payment of up to $50,000 to reduce the principal balance on your home.
From now until Oct. 18, visit underwatergeorgia.org to determine if you may qualify and begin a pre-application. Because demand for the program is expected to far surpass total resources available, Underwater Georgia will operate through a random third-party selection process. Once funds have been exhausted, the program will close.
To qualify, homeowners must meet several criteria about how long they’ve owned the home, total mortgage balance and loan to value ratio, total household income and assets, and other factors. Applicants cannot have previously received assistance through HomeSafe Georgia.
Don’t miss this limited-time opportunity to see if you qualify. Visit underwatergeorgia.org today.