We Are Family Community Development Corporation (WAFCDC) is one of Baltimore County’s Foreclosure Mitigation and Prevention Counseling Agencies.  Within the current economic climate, many homeowners find themselves in jeopardy of facing foreclosure.  The State of Maryland has established three programs to assist homeowners in their attempt to save their homes. 

WAFCDC has included foreclosure prevention in our homeownership workshops.  Participants seeking assistance with preventing home foreclosure should attend the workshops and will receive the list of documents needed for counseling.  Upon completion of the workshop, the counseling session should be scheduled by the participant. 

Lifeline Refinance Mortgage Program – Provides a refinancing option to Marylanders who may be facing difficulties after financing there home with an Adjustable Rate Mortgage or other unfavorable mortgages, or with mortgages that no longer fit their financial situation.  See the website for additional facts and guidelines: www.mdhousing.org/lifeline  Follow the links.

Bridge to HOPE Loan Program – Statewide program administered by the Maryland Department of Housing and Community Development’s Community Development Administration (CDA), provides Maryland homeowners with short-term relief to maintain homeownership by preventing residential mortgage foreclosures resulting from borrowers experiencing financial difficulty cased by either a sub-prime or exotic mortgage, such as negative amortization loan or an Adjustable Rate Mortgage (ARM) loan that has, or is preparing to reset. See the website for additional facts and guidelines: www.mdhousing.org/b2hfactsheet.apx  Follow the links.

The Community Development Administration’s (CDA) Homesaver Refinance Mortgage Program provides a refinancing option to Marylanders who have sub-prime or exotic mortgages and are experiencing difficulties as a result of mortgage default, low credit scores and/or a mortgage greater than the current value of their home. The Maryland Housing Fund (MHF), the State’s mortgage insurance agency, is the exclusive mortgage insurer for this program. See the website for additional facts and guidelines: www.mdhousing.org/b2hfactsheet.apx   Follow the links.

Call We Are Family for information - 410-922-9623