Success! Success! In Thre Hours!

Army Medical Hold (No pay in last 90days) married, 3 children

Credit Counseling Referral Coordinator’s (CCRC) notes with Homeownership Preservation Foundation identified cause of hardship was due to static pay issues in 2003. Once this was resolved the client was financially caught up and then Soldier was deployed and injured in 2005 causing pay issues from Dec of 2005 to August of 2006. Additionally the military owes him back pay. The mortgage company also stated that the home was in arrears for $7205.00. The paperwork came into the USA Cares office with six hours left before the foreclosure. The family had $600.00 to go toward the loan, however that would have left them with no additional funds. A budget showed a surplus of income and the spouse has a disability claim as well and this will add to their income in 30-90 days. USA Cares’ Resource Coordinator talked to the mortgage company and they initially said they could not work this in time to resolve the foreclosure issues and they still needed the agreement from the client that had to be notarized. Fortunately, the Resource Coordinator’s daughter works in the Default Department of this same bank and was able to help by getting the Loss Mitigation Department to accept a wire in lieu of receipt of the notarized papers. USA Cares was able to provide $2186.46 to the client’s bank to stop foreclosure in less than three hours!