Delaware mortgage and foreclosure assistance programs.
Homeowners in Delaware have several different mortgage and foreclosure assistance programs at their disposal. Some of them were created by the state, some are from non-profits, and the federal government also has mortgage assistance programs for individuals and families in Delaware who need help. Below you will find information on your options and possible solutions.
Delaware foreclosure mediation
The number one goal of this program is to ensure that lenders, banks, and homeowners are communicating to find a solution that works for all parties. The local judicial system is also a major participant in this particular program. Homeowners that are served with a foreclosure notice can use the services of a mediator to find a way to get mortgage help and prevent the foreclosure. Time is always of the essence so be sure to start this mediation process as soon as possible. Read more on the Delaware foreclosure mediation program.
Delaware Emergency Mortgage Assistance Program (DEMAP)
Yet another resource for Delaware families, this statewide mortgage program will offer Delaware homeowners with assistance. It is intended to prevent a residential mortgage foreclosure(s) that results from some type of situation that is beyond the homeowner's immediate control. Learn more on this option.
Assistance from non-profit organizations
There are several different non-profit organizations located throughout Delaware that provide mortgage and foreclosure help. If the families income is low enough the the counseling and advice may be provided at no cost to the homeowner. They are certified by the government Housing and Urban Development Department and all counselors are highly trained. Learn more on Delaware HUD agencies.
Legal support and consultations from Delaware Mortgage Fraud Task
The state coordinates a number of services to ensure residents are treated fairly and that all of their rights are followed. Some assistance is provided by non-profits and other resources are provided by state agencies, including the attorney general as part of the Delaware Mortgage Fraud Task.
Receive information on identifying and preventing mortgage “rescue” scams, learn about the timelines involved in the foreclosure process, and get information on other Delaware programs such as home loan modifications and the relief act. A hotline has also been set up with a toll free number to call for support. Use the Task Force to ensure that your legal rights are enforced. Click more information.