Alabama Announces Foreclosure Prevention Program for Unemployed (via™)

This is an interesting idea. Partly paid for the federal government, the program tries to prevent families from being hit by two financial disasters at the same time, unemployment and the loss of a home. I am curious about one thing. If the feds have allocated 2 billion dollars to such programs and Alabama is going to use 162 million, who is using the rest of the money and for what? Is there some innovative program to save the unemployed’s homes that I am unaware of? If you know something about this, please let me know.

James Pilant

Alabama Announces Foreclosure Prevention Program for Unemployed Alabama Governor Robert Bentley recently announced the creation of Hardest Hit Alabama (HHA), a new program that will provide $162 million for foreclosure prevention efforts in the state. In August 2010, the U.S. Department of Treasury announced $2 billion in federal funding to provide additional assistance targeted at unemployed homeowners in states with the highest jobless rates. The Alabama Housing Finance Authority (AHFA) has been allocated $ … Read More