Mortgage Payment Assistance. The North Carolina Foreclosure Prevention Fund can pay your mortgage for up to 36 months ($36,000) while you look for work or train in a new field. You may qualify if you lost your job through no fault of your own, or are a returning veteran, transitioning back into civilian employment. You may also be eligible if you are seeking new employment as the result of a divorce, serious illness, or certain other hardships.
Monthly Payment Reduction. If you're re-employed, but have experienced a pay cut and you have both a primary and second mortgage, the Fund may be able to reduce your monthly payments to an affordable level. It can replace an interest-bearing second mortgage with a zero-interest, deferred loan of up to $30,000.
For more information contact Greenville Housing Development Corporation at 252-329-4056 or visit their website www.ghanc.net