StopForeclosureGA is an initiative and information platform aimed at assisting Georgia homeowners who are at risk of losing their homes due to foreclosure. The platform provides guidance on the legal and financial options available for homeowners, specifically focusing on the various methods to halt foreclosure proceedings under Georgia law.

Georgia’s foreclosure process is generally swift, often taking just a few weeks from the initial missed payments to the sale of a home. This rapid timeline can make foreclosure prevention challenging, but homeowners have options like filing for bankruptcy (Chapter 7 or Chapter 13) to temporarily suspend foreclosure actions through an "automatic stay." This stay gives them time to work out repayment plans or restructure their debts. Additionally, alternatives like loan modifications, deeds in lieu of foreclosure, or short sales may be viable depending on the homeowner’s financial circumstances.

The initiative underscores the importance of consulting a qualified team to navigate the complex issue of foreclosure, especially since Georgia is a non-judicial foreclosure state where lenders do not need court approval to proceed. For residents facing immediate risk, the platform encourages prompt action, as early intervention can provide more solutions and potentially protect their homes.

To be eligible for the certain Assistance programs under the StopForeclosure GA initiative, homeowners must meet specific criteria related to financial hardship and property location: 
 
A. Financial Hardship: The homeowner must have experienced a significant financial setback due to the COVID-19 pandemic after January 21, 2020. This can include a notable drop in income or an increase in essential living expenses. Homeowners who previously received similar assistance for the same hardship may not qualify. 
 
B. Primary Residence in Georgia: The property must be located in Georgia and serve as the homeowner's primary residence. Additionally, homeowners must have lived in the property at the time the hardship occurred. Vacation homes, rental properties, and vacant properties are excluded. 
 
C. Ownership Structure: The property must be in the name of an individual rather than a business entity like an LLC or trust. However, homeowners with loans on manufactured homes are eligible. 
 
D. Income Requirements: Household income must be at or below 100% of the Area Median Income (AMI) for the respective county. If the homeowner qualifies as a socially disadvantaged individual (e.g., facing racial, cultural, or language barriers), the income threshold increases to 150% of the county AMI. 
 
E. To check eligibility or apply to certain grants program, complete our online form and we will assist you by verifying qualifications for both our private and the state’s public assistance program. A major program we assist our client’s with is funded by the federal Homeowner Assistance Fund (HAF) and will operate until September 2026 or until allocated funds are exhausted. 

After confirming eligibility, the next steps generally involve completing the application process and submitting necessary documentation. Here’s what typically follows: 
 
Submit the Application: Eligible homeowners will need to complete an online application. The application process will require the homeowner’s basic details and information about their financial situation.

Provide Documentation: Applicants must supply documentation to verify eligibility. Required documents include: 
 
i. Mortgage statements and records of other housing-related expenses. 
 
ii. Proof of income, such as recent pay stubs, tax returns, or unemployment documentation. 
 
iii. Government-issued identification, like a driver’s license. 

Review Process: Once the application and documentation are submitted, they will be reviewed to ensure all eligibility criteria are met. 
 
Notification and Fund Disbursement: If the application is approved, the program notifies the homeowner and disburses funds directly to the mortgage servicer or other applicable vendors (like utility companies or HOA fee collectors). Funds are allocated for specific needs, such as mortgage reinstatement or temporary mortgage payments, and homeowners cannot receive the funds directly. 
 
Continued Assistance: The program may also provide additional support for a set period if the homeowner continues to experience financial difficulty. For example, some homeowners may receive three months of additional mortgage payments, depending on their ongoing situation. 

The timeline for receiving assistance can vary based on factors such as application volume and the completeness of the application submission. Generally, applicants should expect the following process: 
 
a. Application Processing Time: After submitting the application and all required documents, it typically takes several weeks for the review and verification of the information provided. Processing time can depend on how quickly the applicant submits all necessary documentation and any additional information if requested. 
 
b. Approval and Disbursement: Once approved, funds are usually disbursed directly to mortgage lenders, servicers, or other vendors (such as utility companies or homeowner associations) within a few weeks. Homeowners do not receive the funds directly, as payments are sent to cover specific obligations like mortgage arrears, utilities, or insurance costs. This stage can also take additional time if multiple agencies or vendors are involved. 
 
c.  Expected Timeline: While some homeowners report receiving initial approval in approximately 4 to 6 weeks, the complete process—from application submission to funds disbursement—can take up to two or three months in some cases, especially during periods of high demand. 
 
To reduce delays, applicants should ensure their documentation is complete and respond promptly to any requests for additional information. 

If you don’t qualify, there are still alternative resources and strategies that can help manage foreclosure risks or mortgage payments: 
 
a. StopForeclosureGA Private Funding Options: We can see if you qualify for funding or buyout options with our network investors and real estate brokers. 
 
b. Consult with Housing Counselors: The U.S. Department of Housing and Urban Development (HUD) provides free or low-cost housing counseling services through approved agencies. These counselors can help assess your financial situation, discuss mortgage relief options, and potentially negotiate with lenders on your behalf. 
 
c. Explore Other Federal and State Programs: There are additional assistance programs that might be applicable, especially if you’re a veteran, elderly, or have a federally backed mortgage. Programs such as the VA loan relief for veterans or the Home Affordable Modification Program (HAMP) offer specific solutions that might suit your circumstances. 
d. Negotiate Directly with Your Lender: Many lenders offer in-house relief options like forbearance, loan modifications, or repayment plans for borrowers who are struggling. Contacting your lender to discuss these options can provide temporary relief or adjustments to your payment plan. 
 
e. Local Nonprofits and Charities: Various nonprofit organizations, both national and local, provide support for housing stability. Groups like United Way, NeighborWorks, and the Salvation Army may have funds or resources to assist with mortgage payments or housing costs. 
 
Legal Assistance: In cases where foreclosure proceedings have begun, legal assistance from foreclosure attorneys can help. Legal aid services are available for qualifying low-income individuals and can guide you through possible defenses or alternatives to foreclosure in court. 
 

Completing the grant qualification form involves several key steps to ensure eligibility and increase the likelihood of a smooth application process and that’s why we are here to assist: 
 
a. Access the Form: Click here to start our process and complete the required forms. 
 
b. Provide Personal and Property Information: The form will require you to enter basic details such as your name, contact information, and information about your property (address, mortgage type, etc.). Ensure accuracy here, as inconsistencies can delay processing. 
c. Document Financial Hardship: Clearly describe your financial hardship related to the COVID-19 pandemic. This hardship must have started after January 21, 2020, and should demonstrate a significant reduction in income or an increase in essential expenses. Be specific about how the pandemic affected your finances, as this is a critical part of eligibility. 
 
d. Income and Household Details: Enter your household income details and confirm that they meet the program’s income thresholds. You may be required to submit recent pay stubs, tax returns, or unemployment benefit statements as proof of income. 
 
e. Submit Proof of Residence: You’ll need to confirm that the property is your primary residence and has been since the time of your financial hardship. Attach relevant documents, such as utility bills or a mortgage statement, to verify your residence. 
 
f. Upload Required Documentation: Scan or photograph all necessary documents, including identification (driver’s license or state ID), mortgage statements, and proof of hardship. Double-check that all documents are clear and legible, as incomplete or unclear submissions can lead to delays. 
 
g. Review and Submit: Carefully review all the information provided to ensure completeness and accuracy. Submit the application online and make note of any confirmation details provided (like a confirmation number) for future reference. 
 
h. Follow Up if Necessary: If additional information is requested, respond promptly to avoid delays in processing. You can check your application status or ask questions through the contact information provided on the website. 
 
This process typically involves attention to detail and prompt submission of any additional information requested. 

While there is no processing fee for any public government assistance program, we charge an application fee for services associated with guiding you through the process to apply for the state grant programs and to see if you qualify for private funding through our network of investors and real estate brokers in the event you do not qualify for the state grant programs.

In general, if any organization or individual claims there is a fee associated with applying for any public assistance program, it may be a scam.

If you need assistance with the application process, you can contact us at: info@stopforeclosurega.net and we will walk you through the steps. Some other options are: 
 
1. Contact a HUD-Approved Housing Counselor: HUD-approved housing counseling agencies provide free or low-cost support to homeowners navigating mortgage assistance programs. These counselors can help you understand eligibility requirements, gather necessary documents, and complete your application. 
 
2. Check Local Community Resources: Nonprofit organizations and local government offices may also offer application support for homeowners. 
 

To contact Stop Foreclosure GA for more information, you can email us at:
Email: info@stopforeclosurega.net