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WEBINAR- Addressing Defaults and Foreclosures in Affordable Housing
April 5, 2022 - 2:00 pm
Local governments are encouraged to include long-term affordability requirements when providing SHIP assistance. Loans require terms of default when applicants do not comply with the conditions of assistance. This webinar will discuss long term affordability, terms of default, how to assist with escrow shortages, and best practices to use in the event of default. Presenters will review federal and state resources available to provide mortgage assistance and avoid foreclosure.