Loans & Grants
Learn more about Wyoming Community Development loans & Grants.
Foreclosure Help
Home foreclosures affect everyone in the community.
If you think you may not be able to make your next house payment, or anticipate future payment problems, contact your lender immediately and see if you can work something out.
If you still have questions about foreclosure matters, contact Home Repair Services. They have well trained foreclosure counselors who can give you valuable information concerning your situation and tell you about available help.
Home Repair Services of Kent County
1100 South Division Avenue
Grand Rapids, MI 49507
(616) 241-2601
These other organizations may have answers to your foreclosure questions:
Foreclosure Response
This nonprofit group connects Kent County residents with various community resources to help with immediate foreclosure questions as well as information on foreclosure prevention. Their web site has easy-to-understand information about foreclosure in Michigan.
Inner City Christian Federation (ICCF)
The Inner City Christian Federation is a non-profit corporation that believes decent housing is a basic human need and an important building block for families and communities. ICCF provides high quality, affordable housing and services for those who would not otherwise have this opportunity. For information specific to foreclosure counseling refer to Housing Resources / Programs.
Michigan State Housing Development Authority (MSHDA)
The Michigan State Housing Development Authority (MSHDA) received money from the federal government in 2010 to develop programs to assist Michigan homeowners with preventing foreclosure. MSHDA developed a website where applications can be taken right online. MSHDA's program, Step Forward, has three different ways it can assist:
Unemployment Subsidy
If you are receiving unemployment, then MSHDA may be able to pay half of your mortgage payment, up to $750, for one year.
Rescue Fund
If you are delinquent and just need your mortgage brought current so you can resume normal payments, then MSHDA may be able to assist with up to $10,000 towards the delinquency.
Principal Curtailment
If your lender is willing to contribute money to pay down your principal balance so they can do a modification to lower your payment, then MSHDA may be able to match that amount dollar for dollar up to $10,000.
There are more rules and restrictions on these programs than stated above. To get more information, feel free to contact a counselor at Home Repair Services at (616) 241-2601 to set up an appointment or go directly to the Step Forward Michigan web site to apply.
The Federal Housing Administration also provides many ideas about how to avoid foreclosure, available FHA loans, alternate ways to dispose of your house and other housing issues.