Foreclosure prevention initiative gets unveiled

Oakland County Treasurer Andy Meisner on Wednesday announced Oakland County's participation in a new property tax foreclosure prevention initiative that will help pay the delinquent taxes, interest, and fees of eligible homeowners up to $30,000 from federal "Hardest Hit" dollars administered by the Michigan Housing Development Authority (MSHDA) under the program name, Step Forward Michigan, Loan Rescue Program. "Oakland County and our region must continue fighting foreclosure on all fronts," said Meisner. "This helps families keep their homes, and helps the county's bottom line." Under the program starting Tuesday, Jan. 15, delinquent taxpayers may be eligible to have their delinquent taxes, interest, fees, and condominium association dues paid off from a pool of federal foreclosure relief dollars Michigan received initially for mortgage foreclosure prevention, but is now expanding eligibility to include payment of back taxes. In order to qualify, homeowners must live in their home as a primary residence, demonstrate a significant hardship that has caused them to fall behind on their property tax obligations, and they can't have more than 6 months of family cash reserves. Previous beneficiaries of other Hardest Hit/Step Forward Michigan programs are not eligible. "We're working closely with certified housing counselors throughout Oakland County to get the word out about this extraordinary opportunity," said Meisner. "We want to make certain that eligible Oakland County families are first in line when funding becomes available next week." For additional information, visit www.stepforwardmichigan.org or call the hotline at 866-946-7432. Published: Thu, Jan 10, 2013

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