Share
  • Share this post on Delicious
  • StumbleUpon this post
  • Share this post on Digg
  • Tweet about this post
  • Share this post on Mixx
  • Share this post on Technorati
  • Share this post on Facebook
  • Share this post on NewsVine
  • Share this post on Reddit
  • Share this post on Google
  • Share this post on LinkedIn

Step Forward Program Helps Save Homes from Foreclosure

Renaissance_Unity_Brown_TopStep Forward Program Helps royal_servicesSave Homes from Foreclosure

(Oakland County Treasurer Andy Meisner Press Release, Dec. 28, 2015)

Southfield, MI – With foreclosures causing as much as an 8 percent loss in property values of neighboring homes, according to the Federal Reserve of Boston, and Oakland County losing $14 billion in taxable value during the housing crisis, County Treasurer Andy Meisner makes foreclosure prevention a priority to protect the county’s bottom line and save families’ homes.

That’s why Meisner is promoting the Step Forward Michigan program to his Oakland County constituents, who have received $7 million to date, and that’s how Southfield homeowner Annette Chatman was connected with the Step Forward program, which prevented her POWELLad_01foreclosure with $27,386 in support.

“Preventing foreclosure protects neighboring homes from losses in property values of over 8%,” says Meisner. “I want every eligible Oakland County homeowner to apply immediately for the Step Forward program and get a chance to save their home before the deadline of December 31, 2015.”

Chatman, 52, faced a hardship while caring for aging parents and paying to repair severe water damage at her home.

“(Step Forward) has allowed me a second chance and I am forever grateful,” she says.

Step Forward pays up to $30,000 in delinquent property taxes or past due mortgage payments for eligible homeowners. The program has limited funding remaining.

Applications for the federally funded foreclosure prevention program must be started by Dec. ctechad31 and submitted by Jan. 31 and will be considered on a first-come, first-serve basis, according to the Michigan State Housing Development Authority.

To qualify for Step Forward, applicants must be facing a hardship that caused the delinquency, occupy their home, have delinquent taxes due, have cash reserves less than 1.5 times the home’s annual property tax bill and have an income, which can include Social Security or assistance payments.

So far the program has helped 841 Oakland County families keep their homes.

Homeowners can receive free help applying for Step Forward by contacting the Oakland County Treasurer’s Office Financial Empowerment Center at 248-858-0611.

For more information about Step Forward Michigan, visit stepforwardmichigan.org or call 866-946-7432.

Renaissance_Unity_Brown_Bottom

About the author

Oakland County Times has written 13220 articles for Oakland County Times

Contact editor@oc115.com for any questions or story ideas! Please support this work by becoming an advertising sponsor or by chipping in through the PayPal button on the right side of the page.

Comments are closed.