Delaware and the Department of Housing and Urban Development partner to prevent foreclosures
Delaware is getting $6-million from the US Department of Housing and Urban Development to help homeowners who may face foreclosure.
The DSHA’s Delaware Emergency Mortgage Assistance Program will manage the funds, which will benefit homeowners who may fall behind in their mortgage payments due to unemployment, underemployment, illness or injury. DSHA Director Anas Ben Addi says Delaware has seen a substantial increase in foreclosure filings. Homeowners who are at least 90 days delinquent in their payments and can demonstrate a “reasonable expectation of returning the mortgage payments in the near future” may apply by contacting a HUD-approved housing counseling agency. These funds are expected to help more than 200 families stay in their homes. For more information contact the DSHA at 302-577-5001 or CLICK HERE.
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