New program launched to help struggling homeowners in Nevada
Contact 13 has heard from countless struggling homeowners throughout the Valley. Hundreds of locals who are underwater, fighting foreclosures, and trying to modify their loans. Today, Nevada's Attorney General announced the launch of a new program th Video by ktnv.com
Las Vegas, NV (KTNV) -- Many Nevada homeowners are struggling in the midst of foreclosures or modifying home loans. On Monday, Nevada's Attorney General announced the launch of a new program that will help provide relief.
A commercials airing across Nevada says: "Bills keep piling up and people risk losing what they've worked so hard to keep. But with one call we can help homeowners like you put the pieces back together again."
This is a commercial for the new, free service called "Home Again." The program is already helping some valley residents, like Angela Alcini.
"I can't tell you how wonderful it was to have somebody who really even cared," says Angela.
Nevada Attorney General Catherine Cortez Masto says she's just the first to benefit from a service expected to help thousands of families throughout the state.
"I can't tell you how many people I've talked to that are just confused about where to go to seek assistance," says Masto
So who exactly does this help? Homeowners needing a loan modification. Anyone underwater, but also current with their mortgage payments. Plus, anyone who has already lost their home to foreclosure. And anyone working toward home ownership.
The service is made possible through a partnership with the A.G.'s office, and several other agencies like the Financial Guidance Center. CEO Michele Johnson explains what homeowners calling the program's hotline can expect.
"They'll set up an appointment with in-person counseling, with a HUD agency, that will evaluate all of their needs," says Michele.
In Angela's case, she lost her home to foreclosure when her bank wasn't willing to work with her. So she turned to the "Home Again" program for help.
"I've now received some compensation for the loss of my home," says Angela.
This service is being funded by a $25 billion federal settlement with the nations five largest banks, over foreclosure abuses. Of the money coming to Nevada, $33 million will be used by the "Home Again" program, to help Nevada homeowners.
So here's what you need to know. The service is available for all Nevadans, simply by calling toll free (855) HLP-4NEV. That's (855) 457-4638. Both English and Spanish-speaking assistance is available from from 7:00 a.m. - 7:00 p.m., Monday through Friday. For Contact 13, I'm Tricia Kean.