NCCS Center for Nonprofit Housing

The Center for Nonprofit Housing (CNH) is committed to assuring all members of our community have access to quality affordable housing, one home at a time.

What's New at CNH....

Pre-foreclosure Negotiation Law to Take Effect

on July 5, 2009

Lansing, MI - Beginning July 5, 2009, a new Michigan law went into effect that requires all mortgage lenders to work with distressed homeowners.

The new pre-foreclosure negotiation law requires every lender and servicer to work with a homeowner before foreclosure proceedings can be commenced.

1. OPEN ALL MAIL FROM YOUR LENDER. You will receive a notice
in the mail stating your RIGHT to work with your lender and a
housing counselor.

2. CALL A CERTIFIED, NON-PROFIT HOUSING COUNSELOR OR
YOUR LOCAL LEGAL AID OFFICE AS SOON AS YOU RECEIVE
THE NOTICE. You will have 14 days from the date the notice was
mailed to contact a housing counselor or your local legal aid office
and the lender:
- State of Michigan Save the Dream: 866-946-7432
- HOPE Hotline: 888-995-HOPE (4673)
- United Way: 2-1-1
- Michigan Foreclosure Prevention Project:
http://miforeclosure.mplp.org

- Legal Aid of Western Michigan

(800) 442-2777

http://www.legalaidwestmich.org/

3. Once you’ve contacted a housing counselor, YOU WILL HAVE 90
DAYS TO WORK WITH YOUR LENDER TO WORK OUT AN
AGREEMENT ON YOUR LOAN.

BEWARE OF FORECLOSURE SCAMS
− ALWAYS contact a HUD or State of Michigan certified housing
counselor (CNH) for highly qualified, FREE help.
− ALWAYS contact your local legal aid office for FREE legal aid.
− NEVER pay a fee in exchange for help working with your lender.

Save Your Home

Mortgage and/or tax foreclosure can happen to anyone!

Because CNH is a nonprofit agency, we have your best interest at heart. Contact one of our HUD certified MSHDA certified counselors today to explore your options and negotiate with your lender.

You do have a choice.

Don't wait until it's too late! We may be able to help you keep your home!

Call us today!

CNH offers....

· Free & Confidential Foreclosure Prevention Counseling Know your rights!

· Payment Assistance up to $1000 for qualified persons.

· Free Homeowner Retention Classes to help homeowners understand the tax and mortgage foreclosure process and what you can do to keep your home.

· HUD Certified Counselors who will contact your lender with you to negotiate a workout plan.

CLICK HERE for tips for avoiding foreclosure

CLICK HERE to explore your options

Protect yourself from predatory lenders.

Click here to learn about MSHDA's

SAVE THE DREAM campaign.

www.michigan.gov/mshda

1-866-946-7432

Click here to learn about President Obama's Homeowner and Affordability and Stability Plan (HASP) specifically called "Making Home Affordable" Refinance and Modification Plan.

www.financialstability.gov/

Click here to learn about 995HOPE

www.foreclosurehelpandhope.org/index.html

1-888-995-HOPE

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