Fri04182014

Business

Nonprofits beef up Support for homeowners facing foreclosure

NeighborWorks Alliance of Tennessee is intensifying its efforts to assist Tennesseans facing foreclosure, including mortgage payment assistance for the unemployed and underemployed. NeighborWorks Alliance of Tennessee is intensifying its efforts to assist Tennesseans facing foreclosure, including mortgage payment assistance for the unemployed and underemployed.

A consortium of nationally chartered housing nonprofits, NeighborWorks Alliance of Tennessee is set to provide a range of free mortgage services to help Tennesseans seek solutions to pending foreclosure. In addition to the federally funded mortgage payment assistance, the services include assistance mitigating payments with the mortgage provider, as well as information and guidance with myriad aspects of homeownership and foreclosure.

“We know keeping people in their homes is the best option for the family, their community and for improving the Tennessee economy,” said Tim Bolding, executive director of United Housing, the West Tennessee member organization of NeighborWorks Alliance of Tennessee.

“After years of recession, even the most fiscally responsible can find themselves in a difficult place and we want to do everything possible to help them.”

The earlier homeowners in trouble seek help, the more tools are available to them, said Bolding.

“Lenders are more willing to work with those who are proactive and show they intend to repay the loan. Our staff works with homeowners daily to gather and provide lenders the information that proves this good faith.”

NeighborWorks Alliance of Tennessee is comprised of Affordable Housing Resource in Nashville and Middle Tennessee, Chattanooga Neighborhood Enterprise in Chattanooga and Southeast Tennessee, Knox Housing Partnership in Knoxville and East Tennessee, and United Housing in Memphis and West Tennessee. Each is a NeighborWorks America-chartered member.

Any homeowner who may be in danger of foreclosure is encouraged to visit HardestHitTN.org or call 888-588-9129 to be connected with a local NeighborWorks Alliance of Tennessee center.


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