Homeowners who live in Clarke, Fauquier, Frederick, Page, Shenandoah, and Warren County, or the city of Winchester, can receive free foreclosure help and counseling from the Blue Ridge Housing Network.
The Network is comprised of various local non-profit and charity organizations. Some of the different groups that make up the Blue Ridge Housing Network include local businesses, individuals, human service organization, local banks, lenders and other financial institutions.
What is common among all these organizations is that they are concerned about housing issues and foreclosure crisis facing the area, and they want to improve the current stock and help people avoid losing their home to foreclosure. The agencies focus their services on the cities and towns that are located in the Northern Shenandoah Valley area of Virginia.
The organization offers homeowners, and potential homeowners, a variety of programs and resources. The agency has also recently received additional grant money from the Virginia Housing Development Authority to enhance the services offered. The programs offered include:
Loss Mitigation / Foreclosure Prevention Counseling - You need to call the agency and set up an appointment to meet with a counselor. They will review the terms of your current mortgage, and they will need to get a complete understanding of your financial situation. They should be able to offer you numerous mortgage and foreclosure assistance programs, including modifications, mediation, and more.
Pre-purchase Counseling - If you are considering buying a home, a counselor can advise you on the steps yo need to take, review your credit, and aid in any way possible.
HOMEownership Down Payment Assistance Program - This is an offering that involves local partnerships with Virginia and federal governmental entities, mortgage lenders, and non-profit housing service providers that operate across the Commonwealth of Virginia.
Government programs - Counselors can refer applicants to various federal government mortgage programs, such as the Homeowner Affordability and Stability Plan.
Some of the areas of Shenandoah Valley have been hit hard by the foreclosure crisis, in particular the city of Winchester. The agencies that are part of the Blue Ridge Housing Network have been successful in helping borrowers across the area in both preventing a foreclosure, and stopping one that may be in progress. Contact the agency at (540) 622-2711.
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