The Mississippi Foreclosure Prevention Consortium is here to help distressed homeowners in Mississippi

Attorney General
The Mississippi Attorney General's office has created the Mississippi Foreclosure Prevention Consortium(MFPC) to assist homeowners who are struggling as a result of the foreclosure crisis. The consortium was created through funding awarded to the state under the recent National Mortgage Settlement. Attorney General Jim Hood joined 49 other attorney generals and the United States Department of Justice in this settlement with five largest mortgage servicing banks in America. Currently he is taking the Mississippi MFPC on the road in advance of the upcoming settlement application deadline.

“Many Mississippians were unnecessarily hurt in the mortgage foreclosure crisis. I created this consortium to help victims of these five mortgage service providers get restitution and legal advice.”

- Attorney General Jim Hood

For more information or to apply call Mississippi toll free HOTLINE

1-866-530-9572

This hotline is specifically for Mississippi homeowners and will provide information about the National Mortgage Settlement Program as well as other valuable information. Callers will be assisted in completing the steps necessary to receive help through the program. Through the hotline, homeowners will also receive free HUD-approved housing counseling and individual counseling, as well as free legal counsel, advice and representation.

Upcoming Free Events

The Consortium will be in the following areas to help distressed homeowners at risk of foreclosure. If you are behind on your mortgage or having difficulties paying your mortgage then you should attend one of these FREE events.

  • Lexington, MS - 05/02/2013, Thursday 9am-noon
    Community Students Learning Center, 333 Yazoo Street
  • Philadelphia, MS - 05/02/2013, Thursday 3pm-6pm
    Neshoba County Coliseum, 12000 Mississippi 15
  • Starkville, MS - 05/03/2013, Friday 10am-1pm
    Greensboro Center, 401 Greensboro Street
  • Laurel, MS - 05/20/2013, Monday 10am-1pm
    Cameron Center, 711 North 10th Street
  • Biloxi, MS - 05/20/2013, Monday 4pm-7pm
    Bolton State Office Building, 1141 Bayview Avenue
  • Columbia, MS - 05/21/2013, Tuesday 10am-1pm
    Marion County Library, 900 Broad Street
  • Brookhaven, MS - 05/21/2013, Tuesday 3pm-6pm
    Pike National Bank, 702 Highway 51 N
 

What is the Mississippi Foreclosure Prevention Consortium?

The consortium is a partnership of non-profit and community action organizations serving the state. Partners include Mississippi Attorney General’s Office, Money Management International, Mississippi Home Corporation, Mississippi Center for Justice, Mississippi Center for Legal Services, North Mississippi Rural Legal Services, and Mississippi Military Department.

How does the National Mortgage Settlement benefit Mississippi?

Mississippi received funding to be used for purposes intended to prevent foreclosures, to lessen the effects of the foreclosure crisis, to enhance law enforcement efforts to prevent and prosecute financial fraud, and to compensate the State for costs resulting from the alleged unlawful conduct of servicers.

How do I know I am eligible for the benefits provided under the settlement?

The National Mortgage Settlement impacts only borrowers serviced by the following major lenders: Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo. Benefits are available to these borrowers who (1) are current on loan payments, but the mortgage exceeds the home’s value, (2) have lost their home to foreclosure, or (3) are behind on their mortgage payments. Additional information regarding these benefits may be obtained at nationalmortgagesettlement. com or borrowers may contact the hotline for assistance.

If I am eligible, what kind of help could I receive?

Relief for struggling homeowners could include principal reductions, facilitation of short sales, deferred loan payments, relocation assistance, waiving of deficiency balances, or refinance programs.

Do I have to be eligible for the settlement to receive assistance through the Consortium?

No, assistance through the Consortium is available to anyone, regardless of the borrower’s lender.