Pennsylvania received $350 million from the federal government to help homeowners who fell behind on their mortgages during the pandemic., the aid program is overwhelmed by demand and struggling to get critical information from mortgage companies, leaving thousands of people in limbo.
The maximum amount of assistance anyone can receive is $50,000. Within that, there are also caps on how much you can receive in utility assistance , property tax assistance , insurance premiums , and homeowner or condo fees . The property tied to your application must be your main residence, and the amount you borrowed for your mortgage must be below a, which vary based on your county or metro area.Applications aren’t first come, first served. Homeowners are given priority based on their income, demographics, and whether they’re at risk of foreclosure, having their utilities shut off, or having their home sold because they are behind on property taxes.
In these cases, the program’s policy is to not work on other requests until your mortgage assistance has been awarded, which could leave your utility bills or property taxes on hold for months.
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Source: PhillyDailyNews - 🏆 89. / 67 Read more »