In addition to one of the most storied football rivalries in the nation, UM vs. MSU, the state of Michigan has something else to help Michiganders who are having trouble making their mortgage payments because they're out of work. Called the Michigan's Hardest Hit Fund, it is an attempt by the state's Housing Authority to help unemployed homeowners make their payments. It is designed to cover up to half of a homeowner's monthly mortgage payment, and will provide this assistance to eligible borrowers for up to twelve months. Chase Bank has announced it will partner with the state to help out its mortgage customers. By the way, eligibility does NOT require the homeowner be behind in their payments. Perhaps the mortgage is getting paid, but while doing so, the lack of income is being felt in some other area of the family budget--other loans or financial obligations, food, utilities bills, medical care--you name it. Under this program, the assistance will help ease the strain by covering half of the mortgage payment.
Separately, Chase also has counseling centers set up in Troy and Detroit to help provide counselors to various outreach programs in those areas.
Mortgage with Chase? Call them now if you are unemployed, and Good luck.
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