If you can’t make your mortgage payment as a result of COVID-19, reach out to your mortgage servicer (the entity you make your mortgage payment to every month) right away to ask about the relief options they are offering to borrowers. Many arrangements will allow you to put your payments on hold for 180 days. NOTE: this is not loan forgiveness as you will ultimately be responsible for paying back the total amount deferred. Most often, the amount is tacked on to the end of your loan but in some cases you may be asked to pay the amount in one lump sum. Be sure to document the terms of your arrangements. If you are already behind/have missed mortgage payment or need additional support in sorting out your financial obligations, contact the non-profit agencies below.
Milwaukee County & Housing Resources, Inc.
MILWAUKEE COUNTY MORTGAGE ASSISTANCE PROGRAM
The purpose of the Milwaukee County Mortgage Assistance Program is to aid in foreclosure prevention by providing emergency assistance in the form of a grant on behalf of Milwaukee County homeowners who are delinquent in their mortgage payments due to job loss or reduced work hours and wages as a result of the COVID-19 pandemic. Housing Resources, Inc. is accepting applications for Milwaukee County Mortgage Assistance through December 18, 2020. Depending on eligibility and date of income interruption, direct one-time assistance on behalf of the homeowner(s) may be provided for up to six (6) months. Missed mortgage payments starting March 1, 2020 will be reviewed to the date of application. Additional payments will be reviewed on a case-by-case basis. View eligibility guidelines, a list of the required documents, and apply online here. Questions? Contact the Mortgage Help Line at 414-369-6914 or email firstname.lastname@example.org.
GREENPATH FINANCIAL WELLNESS
GreenPath’s foreclosure prevention services are free. Their HUD-certified housing counselors can talk to your lender, help you apply for specific programs, and explore options to help you stay in your home. If you have already applied for mortgage forbearance and your pause in payments is coming to and end, utilize this online course developed by GreenPath to help you understand the options you may have available. Get suggestions for next steps that are most aligned with your goals.
Contact: 877-290-6974 or visit www.GreenPath.com