Wednesday, January 5, 2011

H.H.F.R.I.=Hardest Hit Fund Rhode Island

The goal of HHFRI is to prevent avoidable foreclosures by helping homeowners who are unable to make their mortgage payments due to a hardship such as job loss or underemployment. HHFRI payments are intended to complement existing federal and lender programs, and will only be available to homeowners who have exhausted all other options and do not own any other real estate. Go tohttp://www.hhfri.org/ to read more about the type of assistance available.

The U.S. Treasury has made available to Rhode Islanders $80 million to help those at risk of losing their homes. Rhode Island Housing has been designated by the Treasury to oversee the Hardest Hit Fund Rhode Island (HHFRI). The agency will be processing, approving and administering the submissions from your lender/servicer and specially trained HHFRI certified counselors.

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