Residents within Tiffin city limits and those in Seneca and Alen counties who may be facing possible foreclosure may be able to find help at WSOS Community Action Commission through the Community Housing Improvement Program (CHIP).

 

            To be eligible for the assistance, residents must have incomes no more than 80 percent of the county’s median income. Income eligibility ranges from $35,850 for a two-person household to $55,550 for a seven-person household. In addition, residents who may have liquid assets of $50,000 or more will not be eligible for this assistance. Liquid assets are those assets that can easily be converted to cash, but it does not include your home.

 

            The program provides housing counseling to residents in danger of losing their homes to foreclosure. Assistance could include mediation between lenders and borrowers, possible refinancing of the mortgage, restructuring of debts and budgets, review of the homeowner’s credit, assistance with a pre-foreclosure sale, explanation of the foreclosure process and possible rescue funds.

 

WSOS, a private nonprofit community action agency, is approved by the U. S. Department of Housing and Urban Development (HUD) to provide free training, counseling, and advocacy to homeowners and homebuyers.

 

For more information on this program, or to make an appointment for assistance, call Barney Kreilick at 419-639-6123 or toll free at 800-775-9767.