"After I was laid off from my job and I had my first child, I knew I was in a bad position. When my lender started foreclosure proceedings, Iowa Mortgage Help got involved. The process was very smooth and my rep stayed in contact with me, and even afterward called to make sure everything was going okay."
-- Zakiya Jenkins
"In August 2006, my husband and I were notified by the mortgage company that our rate was going to adjust. I contacted them about locking in a rate, only to be told that they wouldn't be able to help. Our house payment went up $700/month. We struggled to put gas in our vehicles to get to work and to buy groceries. Then, a friend gave me the number to Iowa Mortgage Help. We are convinced that without the vast knowledge and assistance of Iowa Mortgage Help, we would have lost our home."
-- John & Andrea Davison
"I don't know what I would have done without the help of Iowa Mortgage Help. After a long and expensive battle with medical bills, I faced foreclosure of a home that has been in my family for over 100 years. I was finally able to get a successful loan modification and a payment I can afford in order to take care of my home. I'd have lost everything if it wasn't for their assistance."
-- Rebecca Swyers
Iowa Mortgage Help (IMH) provides a state-wide referral hotline, foreclosure intervention and negotiation and mediation services with loan servicers and lenders.
Additionally, IMH is able to provide free legal services to Iowans who participate in our process, through a partnership with Iowa Legal Aid.
Iowa Legal Aid also provides free legal services to IMH clients for issues and problems that are not directly tied to a foreclosure case, but impact whether the modification action will be successful. These cases include, clearing title for property, bankruptcy counseling, preventing wage garnishment, drafting rental agreements for borrowers who have renters in the home, enforcing family law support orders and recouping monies paid by unsuspecting borrowers to mortgage scammers.
Several public and private organizations and businesses teamed up to create IMH. With the assistance of a federal grant, this group is committed to making Iowans aware of free mortgage counseling resources to help them achieve the best possible solution to their individual financial situation.
The following businesses and organizations provided funds or in-kind services to support IMH: Iowa Home Ownership Education Project, Iowa Mediation Services, Iowa Legal Aid, Iowa Attorney General's Office, Iowa Finance Authority and Strategic America.
Hotline operators at Iowa Mortgage Help will gather basic data and will refer callers' cases to one of the local counseling agencies that are part of IMH. The certified counselors will then gather more in-depth financial information and will determine the appropriate level of counseling. Funds from the grant will reimburse each agency for its services.
Since the program's inception, IMH has provided more than 25,000 Iowans with foreclosure prevention counseling.