Announced earlier last week, ‘Iowa Mortgage Help Hotline’ will assist Iowan homeowners that are currently struggling with their house payments. Recently funded by an additional $1.5 million dollar grant, the capacity will be increased on the foreclosure hotline.
“We want Iowans to call the mortgage help hotline if they are currently struggling or as soon as they think they may be headed toward financial difficulty. Our counselors have more resources available to help people who are in the early stages of mortgage delinquency. Ideally, we’d like to talk with Iowans before they miss a mortgage payment.” Bret Mills, IFA Executive Director
The goal of Iowa Mortgage Help Hotline is to help 7,000 Iowans before the end of 2008. This program has been heavily promoted by Bret Mills of Iowa Finance Authority and Iowa Attorney General, Tom Miller.
Statistically speaking, nearly 50% of people who are unable to pay their mortgage never contact their lender or seek assistance from a trained counselor. Since it was established in September of 2007, the helpline has received about 8,000 calls and is presently handling about 700 cases.
If you personally would like to get help, please contact the Iowa Mortgage Help Hotline at:
1-877-622-4866 or online at www.IowaMortgageHelp.com.
