MakingHomeAffordable.gov Launches New Resources for Spanish-Speaking Homeowners at Risk of Foreclosure
Studies show that Latino families have been among the most deeply impacted by the foreclosure crisis. Many continue to struggle with their mortgage payments and those with limited English proficiency remain among the most vulnerable to foreclosure prevention scams.
Fortunately, help is available for millions of struggling families, including those with limited English proficiency. To help reach more of these homeowners, Secretary Shaun Donovan of the U.S. Department of Housing and Urban Development will announce later today a new Spanish-language web site for the Making Home Affordable Program. The site is available at MakingHomeAffordable.gov/spanish.
The newly redesigned and optimized Spanish-language site includes new resources for struggling homeowners with interactive tools including:
- Program information that is organized based on a homeowner’s individual situation to provide a “path” to their next steps, including possible solutions for their particular mortgage concerns.
- Interactive features such as help on “finding the right program” and tools such as a “payment reduction estimator” – both of which will be available on the site to Spanish-speaking homeowners for the first time.
- Clear and prominent information about how to contact a HUD-approved housing counselor for FREE help – as well as information about how to avoid scams.
- Step-by-step information on applying for help through the Making Home Affordable Program including what to expect when working with a mortgage servicer or a housing expert, what a homeowner needs to apply for help, and how to request a modification and other types of mortgage assistance.
- More free resources for homeowners and trusted advisors to get assistance and gain knowledge about various programs available to help with mortgage concerns.