Keep My TN Home helps hardest hit with their mortgages - WFXG FOX 54 - News Now

Keep My TN Home helps hardest hit with their mortgages

NASHVILLE, TN (WSMV) -

A Tennessee program is designed to help homeowners who are in over their heads with a mortgage and need help.

"They'll come in here and say, 'Hey, I'm behind on my mortgage. What does foreclosure mean? How can I foreclose? How will it affect my credit?'" said Greg Goodman, with SWBC Mortgage.

As a professional lender, Goodman has gotten up close and personal with the casualties of the mortgage crisis and a bad economy – hard-working Tennesseans who, by no fault of their own, found themselves laid off or working for half their old salary.

"Probably one family a week comes to ask about a program, and I'm able to give them this one," he said.

In 18 states, including Tennessee, there's a bailout fund, you may have never heard of. Not only is it keeping homeowners from losing their homes, but it's also paying their mortgage for up a year-and-a-half in some cases with no strings attached.

"At first, she just thought I was kidding. I said, 'No, there's really programs out there like that,'" Goodman said.

A majority of homeowners facing foreclosure meet the requirements, which include Tennessee residency since 2008, having been laid off or taken a pay cutoff at least 30 percent, having a mortgage less than $275,000 and a household income of less than $92,608.

Nearly 3,000 Tennessee families have already been spared from foreclosure,and there is money available for about 2,000 more.

Goodman, who makes nothing from the transaction, said there is only one downside.

"I just wish more people knew about it," he said.

The program is called Keep My Tennessee Home, and it costs nothing to apply or receive the money.

For more information and to get started, visit: https://www.keepmytnhome.org/.

Copyright 2013 WSMV (Meredith Corporation). All rights reserved.

  • NEWSMore>>

  • Trump says Cohen represented him in "Stormy Daniels deal"

    Trump says Cohen represented him in "Stormy Daniels deal"

    Thursday, April 26 2018 9:18 AM EDT2018-04-26 13:18:48 GMT
    Thursday, April 26 2018 11:13 AM EDT2018-04-26 15:13:27 GMT
    President Donald Trump says his personal attorney Michael Cohen represents him 'with this crazy Stormy Daniels deal' and that 'from what I see he did absolutely nothing wrong.' (Source: CNN)President Donald Trump says his personal attorney Michael Cohen represents him 'with this crazy Stormy Daniels deal' and that 'from what I see he did absolutely nothing wrong.' (Source: CNN)

    President Donald Trump says his personal attorney Michael Cohen represents him "with this crazy Stormy Daniels deal" and that "from what I see he did absolutely nothing wrong."

    More >>

    President Donald Trump says his personal attorney Michael Cohen represents him "with this crazy Stormy Daniels deal" and that "from what I see he did absolutely nothing wrong."

    More >>
  • Senate committee poised for vote on bill to protect Mueller

    Senate committee poised for vote on bill to protect Mueller

    Thursday, April 26 2018 12:28 AM EDT2018-04-26 04:28:40 GMT
    Thursday, April 26 2018 11:13 AM EDT2018-04-26 15:13:25 GMT
    (AP Photo/Andrew Harnik, File). FILE - In this June 21, 2017, file photo, former FBI Director Robert Mueller, the special counsel probing Russian interference in the 2016 election, departs Capitol Hill following a closed door meeting in Washington. Rep...(AP Photo/Andrew Harnik, File). FILE - In this June 21, 2017, file photo, former FBI Director Robert Mueller, the special counsel probing Russian interference in the 2016 election, departs Capitol Hill following a closed door meeting in Washington. Rep...

    Senate panel expected to vote on legislation to protect special counsel Robert Mueller's job, a bill that has split Republicans.

    More >>

    Senate panel expected to vote on legislation to protect special counsel Robert Mueller's job, a bill that has split Republicans.

    More >>
  • EPA chief faces Capitol Hill grilling over ethical missteps

    EPA chief faces Capitol Hill grilling over ethical missteps

    Thursday, April 26 2018 12:53 AM EDT2018-04-26 04:53:54 GMT
    Thursday, April 26 2018 11:13 AM EDT2018-04-26 15:13:02 GMT
    (AP Photo/Alex Brandon). Protesters listen to speakers talk about EPA Administrator Scott Pruitt and the state of the EPA during a protest by the American Federation of Government Employees union, Wednesday, April 25, 2018, in Washington.(AP Photo/Alex Brandon). Protesters listen to speakers talk about EPA Administrator Scott Pruitt and the state of the EPA during a protest by the American Federation of Government Employees union, Wednesday, April 25, 2018, in Washington.

    Environmental Protection Agency chief Scott Pruitt faces potentially make-or-break hearings on Capitol Hill, where he is expected to face questions about spending and ethics scandals that have triggered bipartisan...

    More >>

    Environmental Protection Agency chief Scott Pruitt faces potentially make-or-break hearings on Capitol Hill, where he is expected to face questions about spending and ethics scandals that have triggered bipartisan calls for his ouster.

    More >>
Powered by Frankly