Governor announces Alabama Foreclosure Prevention Program Monday, Feb 7th, 2011 Governor Robert Bentley announced the creation of Hardest Hit Alabama (HHA), a new program providing $162 million for the prevention of foreclosure in Alabama. Eligible homeowners will receive assistance to pay their current mortgage payment and all other mortgage-related expenses, including payments on any subordinate liens, while unemployed. HHA will provide up to 12 monthly mortgage payments, or $15,000, per household.
Alabama homeowners who have been declared eligible by the Alabama Department of Industrial Relations to receive state unemployment compensation benefits may apply. To qualify, applicants must have a total annual household income of less than $75,740, and the unpaid principal balance on their home's mortgages must be less than $258,690.
The homeowner must currently occupy the property as their primary residence, and the home must be located in Alabama. Assistance will be available for single-family homes, attached or detached, and manufactured housing attached to real property.
HHA will be available statewide to qualified homeowners on a first-come, first-served basis. Visit www.hardesthitalabama.com to learn more about the Hardest Hit Funds
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