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EATON COUNTY TREASURER'S OFFICE TO PARTICIPATE IN TAX FORECLOSURE PREVENTION PROGRAM
Charlotte, MI - January 10, 2012. Many Eaton County families have experienced financial difficulty that has resulted in mortgage deficiency. To help local families and households undergoing involuntary financial hardship get assistance on delinquent property taxes, the Eaton County treasurer¹s office is participating in the Help for Hardest Hit, Step Forward Michigan program. The program is a partnership with Michigan Homeowner Assistance Nonprofit Housing Corporation (MHA), acting through the Michigan State Housing Development Authority (MSHDA). Help for Hardest Hit, Step Forward Michigan assists those who are delinquent on property taxes and do not have an existing mortgage lien, and those with a mortgage servicer which does not have the ability to set up an ongoing escrow account. If determined eligible, a one-time payment will be sent directly to the county treasurer to pay delinquent county and local property taxes. The maximum program payment per household is $30,000. Foreclosure activity is put on hold when the homeowner is accepted into the Hardest Hit Funds Program. An eligible recipient receives a 0% non-amortized loan that is forgivable over a five year term at 20% per year, due when the property is sold, transferred, or ceases to be the principal residence of the homeowner. Condominium association fees can also qualify for assistance.
The goal of this program is to prevent avoidable foreclosures by helping homeowners get back on solid footing,² said Eaton County Treasurer, Bob Robinson. This can help stem the tide of foreclosed homes and short sales in our area.
Homeowners must apply for assistance directly through the Step Forward Michigan website at www.stepforwardmichigan.org or call (866) 946-7432 to speak with a qualified counselor. For more information, go to www.stepforwardmichigan.org or find a link on the Eaton County treasurer's website at http://www.eatoncounty.org/departments/county-treasurer.
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