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Scope of Program: The North Carolina Foreclosure Prevention FundTM (the Fund) helps North Carolina homeowners who are struggling to make their mortgage payments due to job loss or temporary financial hardship. For qualified homeowners, the Fund can provide an interest-free loan to pay their mortgage and other related expenses while searching or retraining for new employment. For the currently employed, saddled with a second mortgage that is unaffordable because of a prior job loss or reduced income, the Fund offers interest-free loans to pay off the second mortgage. The Fund provides assistance at no cost to qualified homeowners. It is offered by the N.C. Housing Finance Agency (NCHFA) and funded by the U.S. Treasury.

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Scope of Program: The North Carolina Foreclosure Prevention FundTM (the Fund) helps North Carolina homeowners who are struggling to make their mortgage payments due to job loss or temporary financial hardship. For qualified homeowners, the Fund can provide an interest-free loan to pay their mortgage and other related expenses while searching or retraining for new employment. For the currently employed, saddled with a second mortgage that is unaffordable because of a prior job loss or reduced income, the Fund offers interest-free loans to pay off the second mortgage. The Fund provides assistance at no cost to qualified homeowners. It is offered by the N.C. Housing Finance Agency (NCHFA) and funded by the U.S. Treasury.