FREE HOUSING COUNSELING
PCHC, a HUD certified Housing Counseling Agency, administers its Counseling Program with funding from the US Department of Housing and Urban Development. The program offers housing counseling for both homeowners and renters alike, addressing reverse mortgages, foreclosures, eviction, home improvements, rehabilitation, pre-purchase, pre-rental, FHA, SONYMA, Fannie Mae and Freddie Mac.
The program offers counseling for a person, family or group of persons with the same documented need, regardless of the area of assistance. All clients will receive a financial analysis prior to counseling.
Counseling available through PCHC include the following:
Counseling includes an explanation of tenant’s rights, lease and rental agreements, landlord tenant mediation, landlord grievances and a review of Fair Housing Laws. Income eligible clients are also directed to the HUD Housing Choice Voucher Program administered by PCHC in Putnam County. The program offers a federal subsidy to assist low-income residents in paying their rent.
HUD Housing Choice Voucher (Please note the waiting list for the Voucher Program is currently closed).
Reverse Mortgages – (Fee of $125 at closing)
Counseling for the Home Equity Conversion Mortgage (HECM) insured by the US Department of Housing and Urban Development (HUD). The eligibility requirements are:
Borrowers: All owners must be borrowers; all borrowers must be at least 62; occupy a home – a primary residence (if joint borrowers, then at least one).
Properties: One to four unit dwellings, including some condominiums, manufactured homes and planned unit developments (PUDs); no mobile homes or cooperatives; and must meet minimum property standards (local building codes) identified as part of the appraisal process (repair costs may be financed from loan proceeds in some cases).
Call Margherita Diaz at ext. 205 for an appointment.
PCHC offers an enhanced homeownership program to assist residents in purchasing a home. This includes The Homebuyer Dream Program in partnership with Tompkins Mahopac National Bank, M&T Bank, HVFCU and PCSB Bank through the Federal Home Loan Bank of New York. For more information please see Homeownership.
PCHC, as a certified HUD Housing Counseling Agency, can assist homebuyers at risk of foreclosure. PCHC receives funding from HUD to provide the counseling and from the National Foreclosure Mitigation Counseling Program. The homeowner must fill out an intake application for Housing Counseling assistance. Once the counselor receives the application and reviews it they will call homeowner to schedule an appointment within one week.
The counselor will meet with the homeowner to determine their objectives, the reasons for the default and the time constraints of the case. Homeowner will be referred to Credit counselor to document income and expenses and establish a current budget and set up a realistic budget going forward.
The Counselor will then advise the borrower of the options available to them: Forbearance and Reinstatement; Loan Modification; Preforeclosure Sales; Assumptions and Deed in Lieu of Foreclosure; or Home Equity Conversion Mortgages (HECM). The counselor may refer the homeowner to Legal Services of the Hudson Valley for free legal services if appropriate or the Putnam County Department of Social Services. The counselor may attend the Mandatory Court Settlement Conference with the homeowner.
PCHC also works with lenders, bank and mortgage companies to arrange work-out agreements, short sales and other remedies for customers.
Please click on link below to see Foreclosure documents
PREVENT LOAN SCAMS
Did anyone offer to help you modify your mortgage, either directly through advertising or by any other means such as a flyer? Were you guaranteed a loan modification or asked to do any of the following: pay a fee, sign a contract, redirect mortgage payments, sign over title to your property or stop making payments?
YOU DO NOT HAVE TO PAY A FEE FOR MORTGAGE MODIFICATION ASSISTANCE. IF YOU FEEL YOU HAVE BEEN A VICTIM VISIT WWW.PREVENTLOANSCAMS.ORG TO FILE A COMPLAINT AND LEARN MORE INFORMATION.