You Read it Correctly!
The mortgage giant CitiMortgage has launched a plan to proactively eliminate foreclosures. The name of this program is the Homeowner's Unemployment Save Program! In all, this program is designed to keep current homeowners who are facing foreclosure in their homes.
So what's the BIG deal about this program? Well, it's the first home save initiative of its kind designed to help delinquent homeowners who are currently unemployed! Despite all the negative media characterizing the surge in foreclosures to undisciplined, irresponsible, spontaneous home buyers who "bought more than they could afford," for once we have a program geared at addressing the millions of hard-working homeowners throughout the country who simply encountered financial hardships due to a sad reality becoming more common today: Job Loss!
CitiMortgage's Unemployment Homeowner Save Program has three basic criteria for qualification:
1. Homeowners must have a Citigroup-based mortgage loan in which the home is their primary occupancy
2. The Homeowner must be at least 60days or more behind in mortgage payments
3. Homeowner must be currently unemployed or receiving unemployment benefits
Folks, people simply don't buy homes to lose them. And yes, there were some homeowners who bought more home than they could afford, but really---every foreclosure and even the majority of foreclosures can not be attributed to this.
Employers such as Bank of America, General Motors, Chrysler, California State Employees, Wachovia, and even the software mega-producer Microsoft have succumb to layoffs. And for those of us who reside in Mecklenburg county, Charlotte Mecklenburg Schools System will be slashing positions in the upcoming weeks! Folks, this is a domino effect and NO ONE is Immune! I don't know about you, but I think we are all in this together and the only way we will recover is to help one another. So, you don't think that empty house beside you does you any harm? Think Again!
If you would like more information regarding Citigroup's Homeowner Unemployment Save Program, you can contact them directly at: 1-800-283-7918
For more information & a FREE proactive program designed to save your home from foreclosure in North Carolina, please contact TeamJaclyn at 704-293-4275!