Help For Unemployed Homeowners

home sales money foreclosure Help For Unemployed HomeownersAre you unemployed and about to lose your home? There may be help for you. Michigan is sharing $154 million dollars with four other states in the country to help 17,000 homeowners keep their homes.It’s called the Hardest-Hit Homeowners Fund, and Governor Jennifer Granholm tells WWJ its for homeowners in three different categories.

“Those who are unemployed and who are having difficulty making their mortgage payment — the second cluster is for those who have faced an emergency of some sort, and have maybe skipped a payment, maybe it’s a medical emergency. We want to get them back on their feet,” Granholm said.

“Then, the third category is for someone who may have gotten a job, but may be earning a lot less,” she said.

There is a catch —  there are only 17,000 slots, and well over 100,000 people about to lose their homes.

Granholm said she does realizes this won’t solve the problem. But, she said,  it’s a step in the right direction.

“One way or the other we want to make as many people as possible have access to help. Seventeen-thousand, however, doesn’t represent the full scope of the need in Michigan,” Granholm said.

Help will be available starting Monday, July 12th.

To take advantage of the fund, you’ll need to qualify through your mortgage lender. Not all loan servicers are participaing in the program, so you must contact your servicer directly to see if you are eligible.

For more informaion on the program, visit

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  • Gabrielle

    My husband has been unemployed for almost two years. We have a beautiful home in Fowlerville, Mi. and we are in forclosure. He has always been very faithful with paying his mortgage, but since six months ago, it has been harder and harder to pay the mortgage. This opportunity would be wonderful for us to try and keep our home. We do not have alternative options. I work full time, but my income is not enough to pay the bills. We are very scared and concerned…

  • Jim

    My wife and I are both Professionals out of work. We have 3 small children. We want to work and are actively looking. We could use a boost since we do not have enough for all our bills.

  • livinlife

    I too have been unemployed for almost 2 years, husband lost job and new job’s pay was 1/4 of what he made and now he just lost his job. Been going through modifications with Bank of America just to keep getting turned down with no specific reason with foreclosure only options. I’d like to actually meet someone who has actually benefited from any of the programs out there because I’m starting to believe it’s all just politics.

  • H

    I thought we were supposed to be able to fill out forms on this site on today for foreclosure help. This is a letdown that I traveled out to a library and registered onto a computer etc only to get a phone number. Now I have to go call and probably come back here to go to a different site. How stupid. They could’ve just announced the phone number on the radio.

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