Foreclosure prevention counseling can help homeowners:
- Understand the foreclosure process
- Identify available options for avoiding foreclosure
- Provide advice and resources to help decide alternatives
During your counseling session with one of our HUD-certified housing counselors, we will review your situation and develop an individualized action plan that will provide steps you need to take with your lender to resolve your delinquency. We have worked with our clients and their lenders to develop thousands of workout plans for clients to keep their homes.
Foreclosure Intervention Program
Family Foundations participates in the City of Jacksonville’s Foreclosure Intervention Program. The program helps City of Jacksonville residents stay in their home and stop the foreclosure process by providing:
- Mortgage Counseling Services
- Direct Mortgage Assistance
- Loan Modification and Refinance Counseling
- Budget and Financial Literacy
Homeowners who live in Duval County who are behind on their mortgage and are trying to prevent foreclosure can apply now for Foreclosure Intervention through City providers. The program and all mortgage assistance funds are offered on a “first-come, first-serve” basis.
Upon intake, eligible applicants will receive assistance with budgeting, credit and financial literacy. During this process, our counselor will determine if you are eligible for mortgage assistance or modification. If eligible, applicants can receive up to $12,000 (this includes the cost of recording fees) to bring their mortgage current, complete a mortgage modification and/or to refinance their existing “Adjustable Rate” mortgage to a fixed-rate mortgage.
The mortgage assistance funds from the City will be in the form of a deferred payment loan secured to the property for a period of five (5) years.