A survey by the Federal Reserve Board said five years after the onset of the Great Recession, 40 percent of U.S. households still report that they face “financial stress.”
A big question at the beginning of the year was whether this would finally be the year housing contributed in a big way to economic growth. The answer so far: Nope.
Homebuyers using the Alabama Home Buyer Initiative are saving an average of $150 per month--fifty dollars more than original estimates.
ACRE Research's AL Residential Quarterly Report says 2nd quarter residential home sales highest since 2007.
Hardest Hit Alabama (HHA), a foreclosure prevention program, is available for homeowners struggling to pay their mortgage payments.
The State of Alabama was allocated approximately $162 million to provide assistance for financially distressed homeowners. The U.S. Department of Treasury's "Hardest Hit Fund" is authorized under the Emergency Economic Stabilization Act of 2008 and is available in 18 states and the District of Columbia.
HHA offers programs including mortgage payment assistance for unemployed homeowners, as well as loan modification and short sale options for borrowers facing financial hardships.
HHA assistance is available statewide to qualified homeowners on a first-come, first-served basis.