Maryland has unveiled multiple lending products that are designed to help homeowners who are facing foreclosure. While some homeowners may not be able to qualify for the multiple loan products offered by the State of Maryland, those who do will lessen their chance of falling prey to mortgage fraud because they have a lifeline.
For those homeowners that cannot qualify for one of the loans offered by the State of Maryland, determine what options are available to you by contacting your lender, or by enlisting the assistance of a housing counselor. Do not feel that all is lost if you do not qualify initially; keep trying, but above all, do not respond to solicitations from scammers trying to take your home and your equity from you.
Maryland has a great website that provides guidance and information on all of the loan programs that could be available to you. The site is www.mdhope.org. Check it out! This is an introduction to the loan products that Maryland offers. Either log on to www.mdhope.org or call the Hope Hotline at 1-877-462-7555 for more information.
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