Assistance in Georgia with foreclosures and find help with your mortgage.
Find help with your mortgage in all cities such as Atlanta and Augusta. Resources and agencies can provide foreclosure assistance and free counseling. Also, residents can ask the housing counselors for referrals in an effort to find additional Georgia assistance programs that will assist residents with paying other types of bills.
Mortgage and foreclosure counseling in Atlanta
Fannie Mae has opened a Mortgage Help Center in Atlanta that will provide homeowners with various services and programs. Borrowers can meet face to face with dedicated housing and mortgage counselors to explore their options to dealing with a foreclosure filing. As part of this session, they can also learn about various federal and state government mortgage assistance programs. Learn more on how to get Atlanta foreclosure and mortgage help.
Mortgage assistance for under and unemployed Georgia homeowners
The Georgia Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets is a program that was created with federal government funds. It is part of the hardest hit program. It will help thousands of individuals who have had a reduction in their income, such as an unexpected layoff or reduction in their household income. Learn more.
Mortgage assistance from non-profit organizations in Georgia
The federal government HUD agency has certified dozens of non-profit and community action organizations in Georgia to provide housing and foreclosure counseling to homeowners across the state. Most of this is offered for free. Read more.
Georgia law to delay foreclosures
During the summer of 2008, Governor Sonny Perdue signed into law Senate Bill 531. This new law increases the timeframe required of the notice sent to a homeowner from a lender before the mortgage lender can foreclose. SB 531 increases the notice period from 15 days to at least 30 days prior to the scheduled foreclosure sale.
This law also requires that the letter be sent via certified mail, and the letter must give the homeowner notice of the foreclosure sale including the address, name, and telephone number of the “entity or individual who has the full authority to amend, negotiate, and modify the terms of the mortgage with the debtor.”
This section of the law is very important as when homeowners are negotiating with their loan servicers, many times they do not know what entity actually owns their loan. Sometimes a mortgage servicer will refuse to offer the homeowner a loan modification or some other type of workout, claiming that they lack authority to do so. If the homeowner wants to contact the company that ultimately does have the authority to accept any workout agreement, or if the homeowner wants to file a legal claim related to their mortgage loan or bill, he or she must know the identity of the current holder of the mortgage loan. This law requires the identity of the mortgage debt holder to be disclosed.
In addition, Georgia mortgage law SB 531 requires that the current holder of the mortgage loan needs to record the assignment of the security deed, which will show the present owner/holder of the home loan. This needs to be recorded in the public deed records before they can initiate or conduct the foreclosure sale in Georgia.
Resources and foreclosure assistance in Atlanta Georgia
Fulton County and the greater Atlanta region is served by a number of non-profit credit and housing counseling agencies. Many of their services are offered for free or low cost. Several law firms, including Legal Aid, can also advise borrowers on programs and resources that can help people save their home from a foreclosure filing.
Every year thousands of families of all backgrounds and income levels contact these various housing and legal counseling agencies. Specialists from the centers will explore a number of mortgage delinquency and foreclosure assistance programs with the Atlanta homeowner. Read more.