Are you unemployed and struggling to pay your mortgage? If you are a resident in North Carolina and are facing foreclosure due to job loss or financial problems, you can apply for help from a new fund created for North Carolina unemployed homeowners.

The New Foreclosure Prevention Fund was created on December 1, 2010, and is projected to aid 21,000 unemployed workers who are at risk of losing their home. This fund is financed by the U.S. Department of the Treasury’s “Hardest Hit Fund”

Robert Kucab, director of the North Carolina Housing Finance Agency claims this fund will help reduce the number of foreclosures, which will provide stability to the real estate market. Foreclosed homes don’t only hurt homeowners and their families; they also bring down the price of neighboring homes and damage the financial stability of the community at large. This fund will help unemployed workers who are struggling to pay their mortgages or are already in arrears. However, not only unemployed workers will  benefits. Others, who are also suffering financial difficulties through divorce, medical bills, illness or some other type of temporary hardship, can also apply for help.

How will the fund help?

The North Carolina Foreclosure Prevention Fund will grant successful applicants with up to $24,000 no-interest loans or 24 months of mortgage payments. North Carolina counties with higher than average unemployment (higher than 11.3 percent), such as Columbus, Robeson, Bladen, Anson, Richmond, Montgomery, Stanly, Randolph, Davidson, Rowan, Rockingham and many others, can apply for up to $36,000 or 36 months of deferred mortgage payments. The beauty of this “loan” is that homeowners who live in their homes for 10 years will have their loans deferred, in other words, you don’t have to pay it. If you receive a loan from the North Carolina Foreclosure Prevention Fund, you will only have to repay it, if you sell your home or no longer use it as your main residence.

How can I apply for this fund?

The application process for this fund is organized through HUD (Housing and Urban Development Department) housing counselors. If you are unemployed and are suffering temporary financial difficulties, you can receive a deferred loan of up to $36,000 to help you repay mortgage arrears and payments.

To find an approved housing counselor in your county click here. Click on your county and you will be sent to a list of housing counselors near you. Housing counselors will provide you with the instructions, forms and advice you need to apply for the no-interest loans.

We also include a list of approved housing counselors and contact details. Courtesy of the North Carolina Housing Finance Agency . See below for details.

Alliance Credit Counseling, Kevin Porter, lead counselor for MPP, (704) 943-0321
Serves Mecklenburg County

AMEZ Housing Community Development Corporation, Linda Smith, executive director, (910) 815-3826, ext.103
Serves Brunswick, Columbus, New Hanover and Pender counties

Choanoke Area Development Association, Sallie Surface and Brenda Greene, project administrators, (252) 539-4155
Serves Bertie, Halifax, Hertford, Hyde, Northampton, Tyrell and Washington counties

Cleveland County Community Development Center, Karla Haynes, executive director, (704) 480-7701
Serves Cleveland County

Consumer Credit Counseling Services of Forsyth County, Peter Laroche, president & CEO, (336) 837-0650
Serves Alleghany, Ashe, Davie, Forsyth, Iredell, Stokes, Surry and Yadkin counties

Consumer Credit Counseling Services of Gaston County, C.J. Lowman, program manager, (704) 862-0702
Serves Cleveland, Gaston and Lincoln counties

Consumer Credit Counseling Services of Greater Greensboro, Linda McKnight, executive director, (336) 373-8882, ext. 1140
Serves Alamance, Caswell, Davidson, Guilford, Randolph, Rockingham and Rowan counties

Consumer Credit Counseling Services of the Carolina Foothills, Nikki Carpenter, executive director, (828) 286-7062
Serves Polk and Rutherford counties

Cumberland Community Action Program/CCCS of Fayetteville, Patricia Tyson, director of community service programs, (910) 323-3192, ext. 33
Serves Beaufort, Bladen, Brunswick, Carteret, Chatham, Columbus, Craven, Cumberland, Duplin, Greene, Harnett, Hoke, Hyde, Johnston, Jones, Lee, Lenoir, Martin, Montgomery, Moore,
New Hanover, Onslow, Pamlico, Pender, Pitt, Richmond, Robeson, Rockingham, Sampson, Scotland, Wayne and Wilson counties

Franklin-Vance-Warren Opportunities, Inc., Cathia Pope, housing rehab manager, (252) 492-8808
Serves Franklin, Granville, Person, Vance and Warren counties

Kingdom Community Development Corporation, Elsie Gilmore, housing director, (910) 484-2722, ext. 302
Serves Bladen, Cumberland, Harnett, Hoke, Lee, Robeson and Sampson counties

Northeastern Community Development Corporation, Ramona D. Gilbert, deputy director/CFO, (252) 338-5466, ext. 32
Serves Camden, Chowan, Currituck, Dare, Gates, Pasquotank and Perquimans counties

Northwestern Regional Housing Authority, Wilma McDaniel, special projects manager, (828) 264-6683
Serves Alleghany, Ashe, Avery, Mitchell, Watauga, Wilkes and Yancey counties

On Track Financial Education & Counseling Services, Tom Luzon, director of counseling services, (828) 255-5166, ext. 118
Serves Ashe, Avery, Buncombe, Cherokee, Clay, Graham, Haywood, Henderson, Jackson, Macon, Madison, McDowell, Mitchell, Polk, Swain, Transylvania, Watauga and Yancey counties

Prosperity Unlimited, Louise Mack, president/CEO, (704)-933-7405
Serves Cabarrus, Iredell, Mecklenburg, Rowan and Stanly counties

River City Community Development Corporation, Julieta Smith, director of housing counseling department, (252) 331-2925
Serves Camden, Chowan, Gates, Pasquotank and Perquimans counties

Rocky Mount-Edgecombe Community Development Corporation, Teisha Harrison, project administrator, (252) 442-8553
Serves Edgecombe and Nash counties

Salisbury Community Development Corporation, Lou Adkins, project administrator, (704) 638-2154
Serves Davidson, Iredell and Rowan counties

Telamon Corporation, Donna Ryder, project administrator, (919) 239-8157
Serves Wake County

Triangle Family Services, Julie Sager, director, CCCS & EHA, (919) 821-0790, ext. 314
Serves Chatham, Durham, Johnston, Orange and Wake counties

Twin Rivers Opportunities, Inc., Cynthia Dixon, executive director, (252) 637-3599, ext. 400
Serves Carteret, Craven, Jones and Pamlico counties

United Family Services, Bruce Hamlett, director, economic independence, (704) 367-2770
Serves Cabarrus, Mecklenburg and Union counties

Western Piedmont Council of Governments, Sherry Long, community development director, 828-485-4251
Serves Alexander, Burke, Caldwell and Catawba counties

Wilson Community Improvement Association, Deanie Dawson, housing director, (252) 243-4855
Serves Greene and Wilson counties

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