Is foreclosure the only option? -, South Georgia News, Weather, Sports

Is foreclosure the only option?

By Ryan Houston - bio | email

ALBANY,  GA (WALB) –With the closing of Cooper Tire, Shaw Industries and furloughed teachers, more people can't pay the mortage. In July, there were more than 12,000 home foreclosure in Georgia.

The National Association of Real Estate Brokers-Investment Division says that's preventable. National Investment Division Housing Counseling Agency helps homeowners stay in their homes.

Even if it's too late for that, they have other programs in place to help you find transitional housing. In some cases, consumers who've received assistance lowered their monthly payment by 70 Percent.

This two bed-room, two bath home is more than just a house. "This is the kind of house I always dreamed of," said Ruth Crawford. 

After her husband died, it was almost taken from her. "I knew then that things were going to be different," said Crawford. Different in that her monthly income was cut in half.

"I could move to Florida with my kids, but I didn't want to go there. I wanted to stay here. So when they came home, we could enjoy the house," said Crawford. All that changed after she met, Patricia Edwards with NID Counseling.

"I explained to them that things would be difficult because my husband passed," said Crawford. "She didn't know exactly what to do. She had a need and we were able to assist her," said Housing Counselor Patricia Edwards. 

With their help her mortgage was lowered by 70 Percent. "She said, 'They did great lowering your payment more than they said in the other letter,'" said Crawford.  

"They were able to modify her mortage significantly," said Edwards. 

From that, the home with so many precious memories was safe. "If I go somewhere and come back, I look at that chair. And it puts a smile on my face," said Crawford. 

Homeowners now have the help they've been waiting on. Homeowners do have a voice through NID Counseling Agency. Their Loss Mitigation program assists and advocates clients in working with Lenders and Servicer.

If you would like more information on their services call (229) 317-4745.

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