This package provides many different tools for a homeowner to prevent foreclosure of a home. The forms cover various means to obtain assistance at all stages of the foreclosure process. Purchase of this package is a savings of 63% over purchase of the forms individually! Included in this package are the following forms:
1. Letter to Lender for Produce the Note Request
2. Offer by Borrower of Deed in Lieu of Foreclosure
3. Motion to Dismiss Foreclosure Action and Notice of Motion
4. Petition or Complaint to Enjoin Nonjudicial Foreclosure Sale and for Declaratory Relief
5. Petition to Enjoin Foreclosure Sale and Seeking Ascertainment of Amount Owed on Note and Deed of Trust
6. Qualified Written RESPA Request to Dispute or Validate Debt
7. Request to Lender or Loan Servicer for Loan Modification Due to Financial Hardship - Requesting Change to Fixed Rate of Interest of Adjustable Rate
8. Hardship Letter to Mortgagor or Lender to Prevent Foreclosure
9. Sample Letter for Short Sale Request to Lender
10. MHA Request for Short Sale
Tennessee Home Foreclosure Prevention Package is a comprehensive set of measures and resources designed to assist homeowners in the state of Tennessee who are at risk of foreclosure. This package aims to provide guidance and support to individuals and families facing financial hardship, enabling them to save their homes and find feasible solutions to their mortgage difficulties. The Tennessee Home Foreclosure Prevention Package encompasses various key initiatives, programs, and services tailored to meet the specific needs of homeowners in different situations. These programs can be broadly classified into the following types: 1. Loan Modification Programs: Tennessee offers several loan modification programs designed to help homeowners modify the terms of their existing mortgage to make payments more affordable. These programs may include interest rate reductions, term extensions, principal forgiveness, or a combination of these strategies. 2. Refinance Assistance: The package also includes refinancing options that enable homeowners to replace their current mortgage with a new loan, often offering better terms and potential cost savings. Refinance programs typically aim to reduce monthly payments, interest rates, and improve overall loan terms. 3. Financial Counseling and Education: Homeowners in Tennessee can access counseling services and educational resources to enhance their financial literacy and gain a better understanding of mortgage processes. These services provide guidance on budgeting, credit management, debt reduction, and foreclosure avoidance strategies. 4. Mortgage Payment Assistance: Tennessee homeowners facing short-term financial difficulties may be eligible for temporary payment assistance. These programs provide financial aid to cover mortgage payments during a period of unemployment, disability, or other unexpected financial setbacks. 5. Mediation and Negotiation Services: The state's Home Foreclosure Mediation Program assists homeowners in engaging in mediation with their lenders. This program aims to facilitate productive negotiations between borrowers and lenders, seeking mutually beneficial alternatives to foreclosure. 6. Legal Aid and Representation: Tennessee homeowners who require legal assistance to protect their rights and navigate the foreclosure process can access legal aid services. These services offer qualified attorneys who can provide counsel, representation, and help evaluate the legality of foreclosure actions. 7. Property Tax Assistance: Some homeowners facing foreclosure may be burdened by overwhelming property tax obligations. The Tennessee Home Foreclosure Prevention Package offers resources and guidance on property tax relief programs, exemptions, and payment plans available to eligible individuals. It is important to note that the specific programs and initiatives included in the Tennessee Home Foreclosure Prevention Package may vary over time. Homeowners are encouraged to regularly visit the Tennessee Housing Development Agency (THEA) or consult with HUD-approved housing counselors to obtain accurate, up-to-date information on the available assistance programs catered to their needs and circumstances.
