Foreclosure Prevention Program

Foreclosure Prevention Program To prevent foreclosure of a home purchased under the Affordable Housing Program and for which the County holds an Affordability Mortgage and Lien, the County has five tools which it uses to prevent foreclosure:

1. Assist homeowner in seeking a refinance of an existing loan from the first mortgage lender
2. Assist homeowner in securing a loan modification from the first mortgage lender
3. Grant emergency short-term mortgage assistance per program requirements in cases of job loss or other severe economic hardships
4. Arrange a voluntary sale to another income qualified buyer meeting program requirements
5. Purchase the home.

Foreclosure Prevention Policy

Affordable Housing Program Staff

Affordable Housing Administrator
Denise Benavidez
(505) 986-6264                                                                                                                                            [bot protected email address]