The N.C. Foreclosure Prevention Fund is offered by the North Carolina Housing Finance Agency, a self-supporting state agency, using funds provided by the U.S. Treasury.

State Home Foreclosure Prevention Project Success Stories


Charles and Sandra, from Cumberland County, called the State Home Foreclosure Prevention Project for help with their mortgage after medical costs claimed the bulk of their household income. With no health insurance and significant medical problems, they had quickly fallen behind. Charles and Sandra had previously worked with their lender on a modification, which they could no longer afford. Through the State Home Foreclosure Prevention Project, Charles and Sandra received financial counseling, an extension of time to reach a resolution, and help negotiating with the lender. After several months of negotiation, the lender agreed to a significant interest rate reduction, dropping their monthly payment almost $300 and making it possible for Charles and Sandra to remain in their home.

Crystal, who lives in Mecklenburg County, called the State Home Foreclosure Prevention Project three weeks before her scheduled foreclosure sale. Shortly after she began working with her housing counselor, Crystal learned that the servicer had proceeded with the foreclosure. Through the persistence of her counseling agency and the State Home Foreclosure Prevention Project staff, Crystal was able to get her eviction stopped and the foreclosure sale rescinded, allowing time for negotiation with the lender. Crystal was ultimately approved for a modification, changing her adjustable interest rate to a fixed rate and reducing her monthly payment by almost $125. Crystal doesn’t have to worry about a future rate adjustment and now has a payment she can manage.


Ronnie and Donna, a couple from Iredell County, called the State Home Foreclosure Prevention Project for help after a series of health crises for three family members affected their finances. Ronnie and Donna tried getting a modification on their own but became skeptical when their mortgage company pushed them to sign an agreement that didn't reduce their large interest rate. Ronnie and Donna said their lender discouraged using a third party for help, but given the circumstances, they decided they needed it. Through the State Home Foreclosure Prevention Project, the couple benefitted from financial counseling, intervention with the mortgage company, and a significant interest rate reduction, which lowered their monthly payment almost $385 per month. Though still working through health issues, Ronnie and Donna are now able to manage their mortgage payment.