Any low-income tenant in Salt Lake City, South Salt Lake, or Murray City who has been consistently late on rent, has credit problems, or is not taking proper care of the rental unit is eligible for this program. Individuals and families must buy smart in order to own successfully. Information provided includes, but is not limited to, a disclosure of the roles of the many players involved, the current market, and what is an affordable mortgage. A minimum of sixteen 30-minute sessions are required to complete this program. Default and Foreclosure Counseling Homeowners in default status who have fallen behind on mortgage payments, or are already in foreclosure status, receive assistance in resolving the problem.
Counselors work closely with clients, taking all necessary steps to preserve the client's home.
In those situations when foreclosure cannot be avoided, relocation assistance is provided. Senior citizen homeowners are able to utilize the equity in their homes without refinancing. FHA insured reverse mortgages are originated at a mortgage company. HUD requires that all homeowners receive counseling from a HUD-approved housing counselor, insuring that the client fully understands the mortgage. The counselor helps the client make an informed decision.