Getting help - and getting it early - is critically important. The sooner homeowners recognize they may be at risk and seek help, the more options they have to avoid foreclosure.

Lt. Gov. Becky Skillman

The Obama Administration’s Make Home Affordable program will offer assistance to as many as 7 to 9 million homeowners making a good-faith effort to make their mortgage payments, while attempting to prevent the destructive impact of foreclosures on families and communities.

Effective on July 1, 2009, troubled borrowers must receive two notices from their mortgage lender. The first notice informs homeowners that they are in default on their mortgage and if they continue in default for 30 more days, the lender may initiate a foreclosure on the property. The second notice is sent to homeowners when the lender files a foreclosure claim with the court.