Struggling Homeowners Receive Mortgage Assistance

RENO, Nev. - While Nevada has seen a decline in the number of foreclosed homes, we still remain the third worst state for foreclosure rates. However, struggling homeowners received some assistance Tuesday during a Help for Homeowners community event.

Sponsored by the U.S. Department of Treasury and the Hope Now Alliance, this event was designed for homeowners to discuss options to avoid foreclosure, find out about opportunities to modify or refinance home mortgages, and learn if they are eligible for the Making Home Affordable Program.

Homeowners were able to meet one-on-one with HUD counselors as well as mortgage lenders to try and find solutions to their problems.

Andrea Risotto, a representative from the U.S. Department of Treasury, said the event introduced people to the many options available.

"We see many homeowners leave here with a solution in hand," she said. "But every homeowner who comes, gets a clearer understanding of their status and their next steps."

One of those solutions was assistance from the Nevada Hardest Hit fund, which has nearly $2 million to give away to homeowners who qualify.

However, not all homeowners were satisfied with the answers they received.

Rhonda LaFountain has been struggling for two years and said although she received some help, she was hoping for a definite solution.

"It feels like the answers are in a really tight box," she said. "There isn't really any room for some any kind of innovative help. Everything's based on a number, so it's a bit frustrating."

If you weren't able to make it to this event, but are still looking for some mortgage assitance, you can visit www.MakingHomeAffordable.gov to learn if you are eligible for the program.

You can also visit www.HopeNow.com to learn about mortgage assistance programs available to you.

Or you can apply for assistance from the Nevada Hardest Hit Fund by calling 855-428-HELP (855-428-4357).


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