Avoiding Foreclosure in N. Carolina
North Carolina is a model in providing assistance to homeowners at risk of foreclosure.
The NC Foreclosure Prevention Fund™
The N.C. Foreclosure Prevention Fund™, administered by the NC Housing Finance Agency, helps North Carolina homeowners who are struggling to make their mortgage payments due to job loss or temporary financial hardship. For qualified homeowners, the Fund can provide an interest-free loan of up to $36,000 to pay your mortgage and other related expenses for up to 36 months while you search or retrain for new employment. If you are currently employed but have a second mortgage that is unaffordable because of a prior job loss or reduced income, the Fund offers an interest-free loan of up to $30,000 to pay off your second mortgage. The Fund provides assistance at no cost to you.
Go to the site or call 1-888-623-8631 to learn:
- what kind of mortgage help may be available for you to prevent foreclosure
- if you qualify for assistance using our quick and convenient eligibility tool
- how to find a HUD-approved housing counseling agency
in your area to help you apply and how to apply online
The State Home Foreclosure Prevention Project
The State Home Foreclosure Prevention Project, also administered by the NC Housing Finance Agency, helps North Carolina homeowners who are facing foreclosure for any reason. It offers free housing counseling, access to legal services for people with lower incomes, and help with your mortgage servicer. If you have received a 45-day pre-foreclosure notice from your servicer and/or a foreclosure help letter from the N.C. Housing Finance Agency, call 1-888-442-8188.
Help from the National Attorneys General Settlement
Have you been through a foreclosure or are you struggling with a mortgage now? The National Mortgage Settlement will offer various forms of relief for distressed families who qualify.
NC Attorney General Roy Cooper, 48 other state attorneys general and the federal government reached the agreement worth up to $37 billion with Bank of America Corporation, JPMorgan Chase & Co., Wells Fargo & Company, Citigroup, Inc., and Ally Financial, Inc. (formerly GMAC) in February. North Carolina’s share of the settlement totals $338 million to help homeowners facing foreclosure and provide more housing counselors, financial fraud investigators and prosecutors.
Find out if you are eligible for mortgage relief: